Title 12 — Banks and BankingRelease 119-73
§1715f Process of applications and issuance of commitments
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › Subchapter SUBCHAPTER II— - MORTGAGE INSURANCE › § 1715f
Summary
The Secretary can approve mortgage insurance applications and issue commitments under section 1706c and subchapters II, VI, VIII, and X even if the permanent financing won't be insured; he may charge a reasonable application fee and make rules.
Full Legal Text
Title 12, §1715f
Banks and Banking — Source: USLM XML via OLRC
The Secretary is authorized to process applications and issue commitments with respect to insurance of mortgages under section 1706c of this title and subchapter II, VI, VIII, or X of this chapter, even though the permanent mortgage financing may not be insured under this chapter, and in the event the mortgage is not so insured the Secretary is authorized to charge an additional application fee determined by him to be reasonable. The Secretary is authorized to make such rules and regulations as may be necessary to carry out the provisions of this section.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This chapter, referred to in text, was in the original “this Act”, meaning act June 27, 1934, ch. 847, 48 Stat. 1246, which is classified principally to this chapter (§ 1701 et seq.). For complete classification of this Act to the Code, see Tables.
Amendments
1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing. 1951—Act Sept. 1, 1951, inserted a reference to subchapter X of this chapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1715f
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73