Title 12 — Banks and BankingRelease 119-73

§4503 Protection of taxpayers against liability

Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › § 4503

Last updated Apr 6, 2026|Official source

Summary

Says the U.S. government doesn't have to give money to Freddie Mac, Fannie Mae, or the Federal Home Loan Banks, and it won't be seen as backing or guaranteeing their debts or securities.

Full Legal Text

Title 12, §4503

Banks and Banking — Source: USLM XML via OLRC

This chapter may not be construed as obligating the Federal Government, either directly or indirectly, to provide any funds to the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks, or to honor, reimburse, or otherwise guarantee any obligation or liability of the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks. This chapter may not be construed as implying that any such enterprise or Bank, or any obligations or securities of such an enterprise or Bank, are backed by the full faith and credit of the United States.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in text, was in the original “This title and the

Amendments

made by this title”, meaning title XIII of Pub. L. 102–550, Oct. 28, 1992, 106 Stat. 3941, which is classified principally to this chapter. For complete classification of title XIII to the Code, see

Short Title

note set out under section 4501 of this title and Tables.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4503

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73