§4542 — Title 12 Banks and Banking | U.S. Code

§4542 Housing Price Index

Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part B— - Additional Authorities of the Director › Subpart subpart 1— - general authority › § 4542

Last updated Apr 6, 2026|Official source

Summary

Create and keep a method to measure the national average single-family house price for adjusting the enterprises’ conforming loan limits. When making the method, the Director must consider the FHFA monthly survey of major lenders, the OFHEO House Price Index that existed before the Federal Housing Finance Regulatory Reform Act of 2008, Census Bureau house-price indexes, and any other price measures the Director finds appropriate.

Title 12, §4542

Banks and Banking — Source: USLM XML via OLRC

The Director shall establish and maintain a method of assessing the national average 1-family house price for use for adjusting the conforming loan limitations of the enterprises. In establishing such method, the Director shall take into consideration the monthly survey of all major lenders conducted by the Federal Housing Finance Agency to determine the national average 1-family house price, the House Price Index maintained by the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development before the effective date of the Federal Housing Finance Regulatory Reform Act of 2008, any appropriate house price indexes of the Bureau of the Census of the Department of Commerce, and any other indexes or measures that the Director considers appropriate.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The

Effective Date

of the Federal Housing Finance Regulatory Reform Act of 2008, referred to in text, probably means the date of enactment of div. A of Pub. L. 110–289, which was approved July 30, 2008.

Prior Provisions

A prior section 4542, Pub. L. 102–550, title XIII, § 1322, Oct. 28, 1992, 106 Stat. 3953, related to the Secretary of Housing and Urban Development’s prior approval authority for new programs, prior to repeal by Pub. L. 110–289, div. A, title I, § 1121(2), July 30, 2008, 122 Stat. 2689.