Title 12 — Banks and BankingRelease 119-73
§1701w Budget, debt management, and related counseling services for mortgagors; authorization of appropriations
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › § 1701w
Summary
The Secretary of Housing and Urban Development can give, or hire public or private groups to give, budget, debt-management, and related counseling to people who have certain federally insured mortgages. The Secretary decides what help is needed to assist those homeowners in meeting their homeownership responsibilities. Money can be appropriated as needed to pay for these counseling services.
Full Legal Text
Title 12, §1701w
Banks and Banking — Source: USLM XML via OLRC
The Secretary of Housing and Urban Development is authorized to provide, or contract with public or private organizations to provide, such budget, debt management, and related counseling services to mortgagors whose mortgages are insured under section 1715z(i) or (j)(4) of this title as he determines to be necessary to assist such mortgagors in meeting the responsibilities of homeownership. There are authorized to be appropriated such sums as may be necessary to carry out the provisions of this section.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Housing and Urban Development Act of 1968, and not as part of the National Housing Act which comprises this chapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1701w
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73