Page:United States Statutes at Large Volume 69.djvu/677

 69 S T A T. ]

635

PUBLIC LAW 345-AUG. 11, 1955

Public Law 345

CHAPTER 783

AN ACT To extend and clarify laws relating to the provision and improvement of housing, the elimination and prevention of slums, the conservation and development of urban communities, the financing of vitally needed public works, and for other purposes.

August 11, 1955 [S. 2126]

Be it enacted by the Senate and House of Representatives of the nited of America United States of America in Congress assembli ' That this Act may mims^if^iossf"**' assembled, be cited as the "Housing Amendments of 1955". TITLE I—GENERAL HOUSING AMENDMENTS HOME IMPROVEMENT LOANS

SEC. 101. Section 2(a) of the National Housing Act, as amended, is hereby amended by striking "August 1, 1955" and inserting "September 30, 1956".

^*"'«' P- 2^**

MORTGAGE INSURANCE

SEC, 102. (a) Section 204(f) of said Act, as amended, is hereby amended by adding the following paragraph at the end thereof: "Notwithstanding any other provisions of this section, the Commissioner is authorized, with respect to mortgages insured pursuant to commitments for insurance issued after the date of enactment of the Housing Amendments of 1955, and, with the consent of the mortgagee or mortgagor, as the case may be, with respect to mortgages insured pursuant to commitments issued prior to such date, to effect the settlement of certificates of claim and refunds to mortgagors at any time after the sale or transfer of title to the property conveyed to the Commissioner under this section and without awaiting the final liquidation of such property for the purpose of determining the net amount to be realized therefrom." (b) Section 207 of said Act, as amended, is hereby amended as follows: (1) I n subsection (a)(1)(B), after the words "residential use", insert "or upon which there is located or to be constructed facilities for trailer coach mobile dwellings"; (2) I n subsection (a)(6), before the period, insert the following: "or space in a trailer court or park properly arranged and equipped to accommodate trailer coach mobile dwellings"; (3) I n the first proviso of subsection (c)(2), after the words "of this section", insert "or a mortgage on a trailer court or park"; (4) Before the colon immediately preceding the proviso in subsection (c)(3), insert "or not to exceed $1,000 per space or $300,000 per mortgage for trailer courts or parks"; and (5) In the last sentence of subsection (c), after the word "project", insert "may include eight or more family units and". (c) Sections 207(c)(1), 213 (b)(1), 213 (c), 220 (d)(3)(B), and 221 (d)(3) of said Act, as amended, are hereby amended by striking out "$5,000,000" and inserting in lieu thereof "$12,500,000". (d) Section 213(b)(2) of said Act, as amended, is amended by striking out "the estimated value" both times it appears and inserting in lieu thereof "the amount which the Commissioner estimates will be the replacement cost". (e) Section 213 of said Act, as amended, is hereby amended by adding, in the last sentence of subsection (d), after the words "subsection (a) of this section", the words "may include eight or more family units and".

48 Stat. 1250. 12 USC 1710.

12 USC 1713.

68 Stat. 596. 599. 12 USC 171Se, 1715k, 1715/.

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