§4603 — Title 12 Banks and Banking | U.S. Code

Summary

Rules made before October 28, 1992 by the Secretary under the Federal National Mortgage Association Charter Act or the Federal Home Loan Mortgage Corporation Act will keep working unless they are changed, ended, replaced, or canceled under the law. Those rules all stop being effective when 18 months have passed after the Director is appointed.

Title 12, §4603

Banks and Banking — Source: USLM XML via OLRC

Before the expiration of the period ending 18 months after the appointment of the Director under section 4512 of this title, any rules and regulations promulgated before October 28, 1992, by the Secretary pursuant to the Federal National Mortgage Association Charter Act [12 U.S.C. 1716 et seq.] or the Federal Home Loan Mortgage Corporation Act [12 U.S.C. 1451 et seq.] shall remain in effect unless modified, terminated, superseded, or revoked by operation of law or in accordance with law. Such rules and regulations shall terminate, effective upon the expiration of such period.

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Editorial Notes

References in Text

The Federal National Mortgage Association Charter Act, referred to in text, is title III of act June 27, 1934, ch. 847, 48 Stat. 1252, which is classified generally to subchapter III (§ 1716 et seq.) of chapter 13 of this title. For complete classification of this Act to the Code, see

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note set out under section 1716 of this title and Tables. The Federal Home Loan Mortgage Corporation Act, referred to in text, is title III of Pub. L. 91–351, July 24, 1970, 84 Stat. 451, which is classified generally to chapter 11A (§ 1451 et seq.) of this title. For complete classification of this Act to the Code, see

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and Statement of Purpose note set out under section 1451 of this title and Tables.

§4603 Transition

Summary

Title 12, §4603

Notes & Related Subsidiaries

Editorial Notes

References in Text

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