Page:United States Statutes at Large Volume 94 Part 2.djvu/368

 94 STAT. 1646

PUBLIC LAW 96-399—OCT. 8, 1980 COLLECTION OF DEUNQUENCY DATA

Study; report to Congress.

SEC. 317. The Secretary of Housing and Urban Development shall conduct a study to determine the feasibility of collecting data pertaining to all home mortgage delinquencies on an appropriate regional basis, and shall, as soon as practicable, but not later than April 1, 1981, transmit to the Congress a report containing the results of such study. AMENDMENT TO SECTION 234

12 USC 1715y. 38 USC 1801 et seq.

SEC. 318. The first sentence of section 234(c) of the National Housing Act is amended by inserting after "Act)" the following: "or the project was approved for a guarantee, insurance, or a direct loan under chapter 37 of title 38, United States Code". MODERATE REHABIUTATION OF SMALL GROUP HOMES AND SIMILAR FACILITIES FOR THE HANDICAPPED

12 USC 1701q.

SEC. 319. Section 202(d)(3) of the Housing Act of 1959 is amended by adding at the end thereof the following: "In the case of housing to meet the needs of handicapped (primarily nonelderly) persons, such term also means the cost of acquiring existing housing and related facilities, the cost of rehabilitation, alteration, conversion, or improvement, including the moderate rehabilitation, thereof, and the cost of the land on which the housing and related facilities are located.". TIME OF PAYMENT OF PREMIUM CHARGES

SEC. 320. Title V of the National Housing Act is amended by adding the following new section at the end thereof: TIME OF PAYMENT OF PREMIUM CHARGES 12 USC 1735f-8. 12 USC 1702, 1707, 1724, 1747, 1748, 1750, 1749aa, 1749aaa.

"SEC. 530. In carrying out the provisions of titles I, II, IV, VII, VIII, IX, X, and XI pertaining to the payment of loan or mortgage insurance premium charges by a financial institution, other mortgagees, or agent thereof to the Federal Government in connection with a loan or mortgage insurance program established pursuant to any of these titles, the Secretary shall require that payment of such premiums be made promptly upon their receipt from the borrower; except that the Secretary may approve payment of such premiums within twenty-four months of such receipt if the financial institution, mortgagee, or agent thereof pays interest, at a rate specified by the Secretary, to the insurance fund for the period beginning twenty days after receipt from the borrower and ending upon payment of the premiums to the Federal Government.". FORECLOSURE OF LOANS UNDER THE SECTION 203 (k) REHABILITATION LOAN INSURANCE PROGRAM

12 USC 1709.

12 USC 1710.

SEC. 321. Section 203(k)(5) of the National Housing Act is amended by striking out the second sentence and inserting in lieu thereof the following: "Insurance benefits paid with respect to loans secured by a first mortgage and insured under this subsection shall be paid in accordance with section 204, except that all references in section 204 to the Mutual Mortgage Insurance Fund shall be construed as referring to the General Insurance Fund. Insurance benefits paid with respect to loans secured by a mortgage other than a first

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