12 USC 1715z-18 - Shared appreciation mortgages for multifamily housing

U.S Code last checked for updates: Nov 22, 2024

§ 1715z–18.

Shared appreciation mortgages for multifamily housing

(a)

Five or more family units; requirements

(b)

Payment of mortgagee’s share of net appreciated value; term of mortgage; repayment; “net appreciated value” defined

(c)

Entitlement of mortgagee upon default

(d)

Maximum percentage of net appreciated value; disclosure requirements

(e)

Inapplicability of State constitution, statute, etc., limiting or prohibiting increases in outstanding loan balance

(f)

Number of dwelling units

(June 27, 1934, ch. 847, title II, § 253, as added Pub. L. 98–181, title I [title IV, § 445], Nov. 30, 1983, 97 Stat. 1226; amended Pub. L. 100–242, title IV, § 429(j), Feb. 5, 1988, 101 Stat. 1919.)

cite as: 12 USC 1715z-18