Page:United States Statutes at Large Volume 97.djvu/1244

 97 STAT. 1212 PUBLIC LAW 98-181—NOV. 30, 1983 Subpart 2—Single-Family Mortgage Insurance Programs 12 USC 1703. 42 USC 5401 note. 12 USC 1707. 12 USC 1703. Post, pp. 1216, 1217. 12 USC 1703. 42 USC 5403. TITLE I INSURANCE FOR EXISTING MANUFACTURED HOMES SEC. 415. Section 2(a) of the National Housing Act is amended by inserting the following before the last undesignated paragraph thereof: "The insurance authority provided under this section may be made available with respect to any existing manufactured home that has not been insured under this section if such home was constructed in accordance with the standards issued under the National Manufactured Housing Construction and Safety Standards Act of 1974 and it meets standards similar to the minimum property standards applicable to existing homes insured under title II.'. INCREASED TITLE I LOAN LIMITS FOR MANUFACTURED HOMES AND LOTS SEC. 416. (a) Section 2(b)(l) of the National Housing Act is amended— (1) in subparagraph (C), by striking out "$22,500" and all that follows through "modules)" and inserting in lieu thereof "$40,500"; (2) in subparagraph (D), by striking out "$35,000" and all that follows through "modules)" and inserting in lieu thereof "$54,000"; and (3) in subparagraph (E), by striking out "such an amount as may be necessary, but not exceeding $12,500," and inserting in lieu thereof "$13,500". (b) Section 2(b)(2) of such Act is amended by striking out the last sentence and inserting in lieu thereof the following: "In other areas, the maximum dollar amounts specified in subsections (b)(l)(D) and (b)(l)(E) may be increased on an area-by-area basis to the extent the Secretary deems necessary, but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in the area is increased by the Secretary under section 203(b)(2).". REFINANCING MANUFACTURED HOMES UNDER TITLE I SEC. 417. Section 2(b)(6) of the National Housing Act is amended by adding at the end thereof the following new subparagraph: "(C) The owner-occupant of a manufactured home or a home and lot which was purchased without assistance under this section but which otherwise meets the requirements of this section may refi- nance such home or home and lot under this section if the home was constructed in accordance with standards established under section 604 of the National Manufactured Housing Construction and Safety Standards Act of 1974.". COUNSEUNG FOR PERSONS ASSISTED UNDER TEMPORARY MORTGAGE ASSISTANCE PAYMENTS PROGRAM 12 USC 1715u. SEC. 418. Section 230(d) of the National Housing Act is amended by striking out ", to the extent practicable,". COOPERATIVE HOUSING 12 USC 1709. SEC. 419. Section 203(n) of the National Housing Act is amended—

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