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U.S Code last checked for updates: Nov 22, 2024
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Title 12
Chapter 42
Subchapter I
§ 4114. Permissible prepayment o...
§ 4116. Resident homeownership p...
§ 4114. Permissible prepayment o...
§ 4116. Resident homeownership p...
U.S. Code
§ 4115.
Timetable for approval of plan of action
(a)
Notification of deficiencies
(b)
Notification of approval
(1)
In general
Not later than 180 days after receipt of a plan of action, or such longer period as the owner requests, the Secretary shall notify the owner in writing whether the plan of action, including any revisions, is approved. If approval is withheld, the notice shall describe—
(A)
the reasons for withholding approval; and
(B)
the actions that could be taken to meet the criteria for approval.
(2)
Opportunity to revise
(c)
Delayed approval
(
Pub. L. 100–242, title II, § 225
, as added
Pub. L. 101–625, title VI, § 601(a)
,
Nov. 28, 1990
,
104 Stat. 4266
.)
cite as:
12 USC 4115
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