Page:United States Statutes at Large Volume 106 Part 5.djvu/148

 106 STAT. 3786 PUBLIC LAW 102-550—OCT. 28, 1992 Reports. Regulations. 12 USC 1735f-12. 42 USC 12712 note. (d) FIRE SAFETY EQUIPMENT. — Section 232(i)(l) of the National Housing Act (12 U.S.C. 1715w(i)(l)) is amended by inserting ", assisted living facilities," after "nursing homes". (e) ADMINISTRATION. —Section 232 of the National Housing Act (12 U.S.C. 1715w) is amended by adding at the end the following new subsection: "(j) The Secretary shall establish schedules and deadlines for the processing and approval (or provision of notice of disapproval) of applications for mortgage insurance under this section. The Secretary shall submit a report to the Congress annually describing such schedules and deadlines and the extent of compliance by the Department with the schedules and deadlines during the year.". (f) AUTHORITY TO INSURE REFINANCING. —Section 223(f) of the National Housing Act (12 U.S.C. 1715n(f)) is amended by inserting "existing assisted Uving facility," after "existing nursing home," each place it appears. SEC. S12. EXPEDITING INSURANCE FOR ACQUISITION OF RESOLU- TION TRUST CORPORATION PROPERTY. (a) IN GENERAL.—Section 534 of the National Housing Act (12 U.S.C. 1735f-12) is amended— (1) by inserting "(a) STATE OFFICES.— " after "534."; and (2) by adding at the end the following new subsection: "(b) EXPEDITED PROCEDURE FOR RTC PROPERTIES. —TO assist the Resolution Trust Corporation in disposing of the property to which it acquires title and to ensure the timely processing of applications for insurance of loans and mortgages under this Act that will be used to purchase multifamily residential property from the Resolution Trust Corporation, the Secretary shall establish an expedited procedure for considering such applications.". (b) IMPLEMENTATION.— The procedure referred to in the amendment made by subsection (a) shall be established through interim and final regulations issued by the Secretary. The Secretary shall issue interim regulations implementing the procedure not later than the expiration of the 90-day period beginning on the date of the enactment of this Act, which shall be effective upon issuance. The Secretary shall issue final regulations after notice and opportunity for public comment pursuant to the provisions of section 553 of title 5, United States Code (notwithstanding subsections (a)(2), (b)(B), and (d)(3) of such section). SEC. 513. ENERGY EFFICIENT MORTGAGES PILOT PROGRAM. (a) ESTABLISHMENT OF PILOT PROGRAM.— (1) IN GENERAL.—Not later than 6 months after the date of enactment of this Act, the Secretary of Housing and Urban Development (hereeifter referred to as the "Secretary^) shall establish an energy efficient mortgage pilot program in 5 States, to promote the purchase of existing energy efficient residential buildings and the installation of cost-effective improvements in existing residential buildings. (2) PILOT PROGRAM. —The pilot program established under this subsection shall include the following criteria, where ' applicable: (A) ORIGINATION.—The lender shall originate a housing loan that is insured under title II of the National Housing Act in accordance with the applicable requirements.

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