Title 12 — Banks and BankingRelease 119-73not60
§4503 Protection of Taxpayers Against Liability
Title 12 › Chapter 46— GOVERNMENT SPONSORED ENTERPRISES › § 4503
Summary
The federal government does not have to give money to or guarantee the listed mortgage enterprises or Federal Home Loan Banks, nor guarantee their obligations.
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 3, 2026
Release point: 119-73not60