Page:United States Statutes at Large Volume 103 Part 2.djvu/1014

 103 STAT. 2024 PUBLIC LAW 101-235—DEC. 15, 1989 Federal Register, publication. 12 USC 1715z. Contracts. Contracts. 12 USC 1715z note. of section 552a(b) of title 5 of the United States Code, upon the request of an approved mortgagee, the Secretary may disclose to such mortgagee the name and address of any mortgagor of a mort- gage insured under this section that meets the criteria for refinanc- ing, pursuant to paragraph (2)(F), and the unpaid principal balance and interest rate on such mortgage. "(7) The Secretary shall implement the provisions of this subsec- tion by a notice published in the Federal Register.". (b) EXCESS RECAPTURED AMOUNTS.— Section 235(c)(3)(C) of the Na- tional Housing Act is amended by inserting after the period at the end the following new sentence: "Notwithstanding the preceding sentence, any amounts of budget authority or contract authority recaptured from assistance payments contracts relating to mort- gages that are being refinanced that are not required for assistance payments contracts relating to mortgages insured under this subsec- tion, shall be rescinded.". (c) CONFORMING AMENDMENTS.— Section 235 of the National Hous- ing Act is amended— (1) in subsection (c)(l), by inserting ", other than a contract in connection with a refinancing under subsection (r)," in the second sentence after "any new contract"; (2) in subsection (c)(3)(A), by inserting "(except to the extent provided in subsection (r) for mortgages insured under such subsection)" in the second sentence after "refinanced,"; (3) in subsection (e), by striking "or (j)(7)," and inserting "(j)(^X or(r),"; (4) in subsection (h)(l)— (A) by inserting "(other than obligations in connection with mortgages insured under subsection (r))" in the third sentence after "October 1, 1983"; (B) by inserting "(except under subsection (r))" in the sixth sentence after "under this section" the first place it appears; and (C) by inserting "(other than a contract in connection with a mortgage insured under subsection (r))" in the sev- enth sentence ^ter "under this section"; (5) in subsection (h)(3), by inserting after the period at the end the following: "The preceding sentence shall not apply to con- tracts in connection with mortgages insured under subsection (r)."; (6) in subsection (m), by inserting "(except a mortgage insured under subsection (r))" after "No mortgage"; and (7) in subsection (n), by inserting "or to a mortgage insured under subsection (r)" before the period at the end. (d) SAVINGS PROVISION.— Notwithstanding the termination of the program under section 235 pursuant to section 401(d) of the Housing and Community Development Act of 1987, the Secretary of Housing and Urban Development shall have authority to insure mortgages under section 235(r), to make assistance payments with respect to such insured mortgages, and to make any other payment or take any other action related to the refinancing of mortgages insured under section 235.

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