Page:United States Statutes at Large Volume 66.djvu/649

 66 S T A T. ]

PUBLIC LAW 5 3 1 - J U L Y 14, 1952

SEC. 6. Section 611 of the Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended, is hereby amended by inserting "or section 313 of this Act" immediately preceding the parenthetical clause, and by striking out "to this title" at the end of the parenthetical clause and inserting m lieu thereof "thereto". SEC. 7. The first sentence of section 3(b) and the first sentence of section 3(d) of the Alaska Housing Act, approved April 23, 1949, as amended, are hereby amended by striking "$15,000,000" and inserting "$20,000,000". SEC. 8, Title II of the National Housing Act, as amended, is hereby amended by adding the following new section: "SEC. 218. I n any case where an application for mortgage insurance under section 608 of this Act was received by the Federal Housing Commissioner on or before March 1, 1950, and a commitment to insure was issued by said Commissioner in accordance therewith any mortgagee who, prior to the expiration of such commitment, applied for insurance of a mortgage under section 207 of this Act with respect to the same property or project shall receive credit for all application fees paid in connection with the prior application: Provided, That nothing therein shall constitute a waiver of any requirements otherwise applicable to the insurance of mortgages under section 207 of this Act.". SEC. 9, The Secretary of the Treasury is hereby authorized and directed from time to time to credit and cancel the note or notes of the Housing and Home Finance Administrator executed and delivered in connection with loans transferred from the Reconstruction Finance Corporation to the Housing and Home Finance Agency pursuant to Reorganization Plan Numbered 23 of 1950 (64 Stat. 1279^, to the extent of the net loss, as determined by the Secretary of the Treasury, sustained by said Agency in the liquidation of defaulted loans. The net loss shall be the sum of the unpaid principal and advances for care and preservation of collateral, together with accrued and unpaid interest on said principal and advances, and all expenses and costs (other than those subject to administrative expense limitations) in connection with the liquidation of defaulted loans, less the amount actually realized by the Housing and Home Finance Agency on account of such defaulted loans. SEC. 10. (a) The National Housing Act, as amended, is hereby amended— (1) by adding at the end of section 8 the following new section 9: "SEC. 9. The provisions of sections 2 and 8 shall be applicable in the several States and Alaska, Hawaii, Puerto Rico, the District of Columbia, Guam, and the Virgin Islands."; (2) by adding "Guam," after the words "District of Columbia," in each place where they appear in sections 201(d), 207 (a)(7), 301 (c)(4)5601 (d), and 8 0 1 (f); (3) by inserting in section 214— (A) the words "or in Guam" after the word "Alaska" in each place where it appears in said section, (B) the words "or maxima" after the word "maximum", and (C) the words "or the Government of Guam or any agency or instrumentality thereof" after the words "Alaska Housing Authority" in each place where they appear in said section; (4) by adding at the end of section 713 the following new subsection (q):

65 Stat. 314. 42 USC 1589a.

63 Stat. 58. 48 USC 484.

12 USC 1715h.

1707-

12 USC 1743.

12 USC 1713.

64 Stat. 48. 12 USC 1706c.

12 USC 1707, 1713, 1716, 1736, 1748. 12 USC 1715d.

62 Stat. 1281. 12 USC 1747i.

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