Title 12, Banks and BankingRelease 119-73not60

§1735f–16 Annual Audited Financial Statements

Title 12 › Chapter 13— NATIONAL HOUSING › Subchapter V— MISCELLANEOUS › § 1735f–16

Last updated Apr 3, 2026|Official source

Summary

Starting with fiscal year 1989, the Secretary must publish financial statements for the insurance funds on cash and accrual bases under generally accepted accounting principles and make independent audit reports 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 3, 2026

Release point: 119-73not60