Title 12 — Banks and BankingRelease 119-73
§1734 Amendment, extension, or increase of commitment amounts
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › Subchapter SUBCHAPTER V— - MISCELLANEOUS › § 1734
Summary
Before a mortgage gets its final insurance approval, the Secretary can change, extend, or raise any insurance commitment. That can only happen if the mortgage, when finally approved, meets the insurance rules that were in effect when the original commitment was made.
Full Legal Text
Title 12, §1734
Banks and Banking — Source: USLM XML via OLRC
At any time prior to final endorsement for insurance, the Secretary, in his discretion, may amend, extend, or increase the amount of any commitment, provided the mortgage, as finally endorsed for insurance is eligible for insurance under the provisions of this chapter and the rules and regulations thereunder, in effect at the time the original commitment to insure was issued.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1984—Pub. L. 98–479 struck out “; mortgage conditions” after “amounts” in section catchline. 1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1734
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73