Title 12, Banks and BankingRelease 119-102
§2708 Expiration Date
Title 12 › CHAPTER 28 — EMERGENCY MORTGAGE RELIEF › § 2708
Summary
After September 30, 2011, no new loans may be insured or emergency mortgage relief paid, except for borrowers already receiving those benefits on that date.
Full Legal Text
Title 12, §2708
Banks and Banking, Source: USLM XML via OLRC
No loans or advance of credit shall be insured and no emergency mortgage relief payments made under this chapter after September 30, 2011, except if such loan or advance or such payments are made with respect to a mortgagor receiving the benefit of a loan or advance insured, or emergency mortgage relief payments made, under this chapter on such date.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Pub. L. 111–203 struck out “Authorization and” before “expiration date” in section catchline, struck out subsec. (a), struck out subsec. (b) designation before “No loans”, and substituted “2011” for “1977”. Prior to amendment, subsec. (a) read as follows: “There are authorized to be appropriated for purposes of this chapter such sums as may be necessary, except that the funds authorized to be appropriated for section 2705 of this title shall not exceed $500,000,000. Any amounts so appropriated shall remain available until expended.” 1976—Subsec. (b). Pub. L. 94–375 substituted “
September 30, 1977” for “
June 30, 1976”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the date on which final
Regulations
implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such
Regulations
have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2708
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102