### Statutory Notes
Section, Pub. L. 85–104, title VI, § 605, July 12, 1957, 71 Stat. 305, authorized Federal Housing Commissioner and Administrator of Veterans’ Affairs to fix reasonable limits on charges, fees, and discounts imposed upon builders, sellers, or purchasers.
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Source location: Title 12, Chapter 13, § 1716; chapter-013-national-housing.md
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### Statutory Notes
Section, Pub. L. 85–104, title VI, § 605, July 12, 1957, 71 Stat. 305, authorized Federal Housing Commissioner and Administrator of Veterans’ Affairs to fix reasonable limits on charges, fees, and discounts imposed upon builders, sellers, or purchasers.
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Federal law — U.S. Code and appendices · legal_authorities
§ 1716. Declaration of purposes of subchapter
The Congress declares that the purposes of
this subchapter are to establish secondary mar-
Page 746
TITLE 12—BANKS AND BANKING
§ 1716
ket facilities for residential mortgages, to pro-
vide that the operations thereof shall be fi-
nanced by private capital to the maximum ex-
tent feasible, and to authorize such facilities
to—
(1) provide stability in the secondary market
for residential mortgages;
(2) respond appropriately to the private cap-
ital market;
(3) provide ongoing assistance to the sec-
ondary market for residential mortgages (in-
cluding activities relating to mortgages on
housing for low- and moderate-income fami-
lies involving a reasonable economic return
that may be less than the return earned on
other activities) by increasing the liquidity of
mortgage investments and improving the dis-
tribution of investment capital available for
residential mortgage financing;
(4) promote access to mortgage credit
throughout the Nation (including central cit-
ies, rural areas, and underserved areas) by in-
creasing the liquidity of mortgage invest-
ments and improving the distribution of in-
vestment capital available for residential
mortgage financing; and
(5) manage and liquidate federally owned
mortgage portfolios in an orderly manner,
with a minimum of adverse effect upon the
residential mortgage market and minimum
loss to the Federal Government.
(June 27, 1934, ch. 847, title III, § 301, 48 Stat. 1252;
May 28, 1935, ch. 150, § 30, 49 Stat. 300; Feb. 3,
1938, ch. 13, §§ 4, 5, 52 Stat. 23; June 3, 1939, ch.
175, §§ 15, 16, 53 Stat. 808; Mar. 28, 1941, ch. 31, § 5,
55 Stat. 62; July 1, 1948, ch. 784, § 1, 62 Stat. 1206;
Aug. 10, 1948, ch. 832, title II, §§ 201, 202, 62 Stat.
1275; Aug. 8, 1949