Page:United States Statutes at Large Volume 97.djvu/1269

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1237 substantially affect the eligibility, rights, or benefits of persons applying for or receiving assistance under any such programs are subject to requirements of notice and publication, especially those requirements specified in subsections (b) through (e) of section 553 of title 5, United States Code. PERIODIC REPORT ON RESIDENTIAL MORTGAGE DEUNQUENCIES AND FORECLOSURES SEC. 469. As soon as practicable following the date of the enact- ment of this Act, the Secretary of Housing and Urban Development, with the cooperation of the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency, shall develop a method of accurately reporting to the Congress on a periodic basis with respect to residential mortgage delinquencies and foreclosures. Each such report shall include information with respect to the number of residential mortgage foreclosures, and the number of sixty- and ninety-day residential mortgsige delinquencies, in the Nation and in each State. 12 USC 1701p-l. PUBLIC NOTICE AND COMMENT REGARDING DEPARTMENT DEMONSTRATION PROGRAMS SEC 470. (a) No demonstration program not expressly authorized in law may be commenced by the Secretary of Housing and Urban Development until (1) a description of such demonstration program is published in the Federal Register, which description may be included in a notice of funding availability; and (2) there expires a period of sixty calendar days following the date of such publication, during which period the Secretary shall fully consider any public comments submitted with respect to such demonstration program. (b) Nothing in this section may be considered to authorize the conducting of any demonstration program by the Secretary of Hous- ing and Urban Development. Publication in Federal Register. 42 USC 3542. MULTIFAMILY MORTGAGE FORECLOSURE SEC. 471. Section 364 of the Multifamily Mortgage Foreclosure Act of 1981 is amended by adding at the end thereof the following new 12 USC 3703. sentence: "If the Secretary forecloses on any such mortgage pursu- ant to such other foreclosure procedures available, the provisions of section 367(b) may be applied at the discretion of the Secretary.". 12 USC 3706. ALTERNATIVE MORTGAGE TRANSACTIONS SEC. 472. Section 805(a) of the Alternative Mortgage Trsmsaction Parity Act of 1982 is amended by inserting after "transactions" the 12 USC 3804. following: "(or to any class or type of alternative mortgage transaction)". DUE-ON -SALE CLAUSE PROHIBITIONS SEC, 473. Section 341(d) of the Thrift Institutions Restructuring Act is amended by striking out "A lender" and inserting in lieu 12 USC l701j-3. thereof the following: "With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling

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