Title 12 — Banks and BankingRelease 119-73
§1735f–16 Annual audited financial statements
Title 12 › Chapter CHAPTER 13— - NATIONAL HOUSING › Subchapter SUBCHAPTER V— - MISCELLANEOUS › § 1735f–16
Summary
From fiscal year 1989, the Secretary must publish GAAP financial statements for the insurance funds (showing cash and accrual), have them audited by an independent firm, and make the audit public.
Full Legal Text
Title 12, §1735f–16
Banks and Banking — Source: USLM XML via OLRC
With respect to fiscal year 1989 and for every fiscal year thereafter, the Secretary shall make available to the public a financial statement of the insurance funds established under this chapter that will present their financial condition on a cash and accrual basis, consistent with generally accepted accounting principles. Each financial statement shall be audited by an independent accounting firm selected by the Secretary and the results of such audit shall be made available to the public.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1735f–16
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73