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Title 7 — AgricultureRelease 119-73

§1933 Guaranteed rural housing loans; Hawaiian home lands

Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER I— - REAL ESTATE LOANS › § 1933

Last updated Apr 6, 2026|Official source

Summary

Certain rural housing loans are excluded from sections 501(c) and 502(b)(3) of the Housing Act of 1949 if three things are true: they are guaranteed by the Secretary under section 517(a)(2) of the Housing Act of 1949, they are made by lenders the Secretary has approved to provide homes in rural areas for the borrowers to live in, and their interest and fees do not exceed the maximum rates HUD sets for similar guaranteed private loans under the National Housing Act. For purposes of Title V or this chapter, a payment guarantee given under the authority of the Department of Hawaiian Home Lands (or its successor) will be treated by the Secretary as reasonably assuring repayment of the debt it guarantees.

Full Legal Text

Title 7, §1933

Agriculture — Source: USLM XML via OLRC

(a)Rural Housing Loans which (1) are guaranteed by the Secretary under section 517(a)(2) 11 See References in Text note below. of the Housing Act of 1949 [42 U.S.C. 1487(a)(2)], (2) are made by other lenders approved by the Secretary to provide dwellings in rural areas for the applicants’ own use, and (3) bear interest and other charges at rates not above the maximum rates prescribed by the Secretary of Housing and Urban Development for loans made by private lenders for similar purposes and guaranteed by the Secretary of Housing and Urban Development under the National Housing Act [12 U.S.C. 1701 et seq.] or superseding legislation shall not be subject to section 501(c) and 502(b)(3) of the Housing Act of 1949 [42 U.S.C. 1471(c) and 1472(b)(3)].
(b)For the purposes of title V of the Housing Act of 1949 [42 U.S.C. 1471 et seq.] or this chapter, a guarantee of payment given under the color of law by the Department of Hawaiian Home Lands (or its successor in function) shall be found by the Secretary reasonably to assure repayment of any indebtedness so guaranteed.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 517(a) of the Housing Act of 1949 [42 U.S.C. 1487(a)], referred to in subsec. (a), was amended by Pub. L. 98–181, title I [title V, § 514(a)(1)], Nov. 30, 1983, 98 Stat. 1247, and, as so amended, does not contain a par. (2). The National Housing Act, referred to in subsec. (a), is act June 27, 1934, ch. 847, 48 Stat. 1246, which is classified principally to chapter 13 (§ 1701 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see

References in Text

note set out under section 1701 of Title 12 and Tables. Title V of the Housing Act of 1949, referred to in subsec. (b), is title V of act July 15, 1949, ch. 338, 63 Stat. 432, which is classified generally to subchapter III (§ 1471 et seq.) of chapter 8A of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see

References in Text

note set out under section 1441 of Title 42 and Tables. This chapter, referred to in subsec. (b), was in the original “this title”, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see

Short Title

note set out under section 1921 of this title and Tables.

Amendments

1990—Subsec. (b). Pub. L. 101–624 substituted “or this chapter” for “, as amended”.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1933

Title 7 — Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73