42 U.S.C. § 1104

FEDERAL MORTGAGE INSURANCE.

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“(a)In General.—Pursuant to title II and section 251 of the National Housing Act [12 U.S.C. 1707 et seq., 1715z–16], the Secretary shall (to the extent authority is available pursuant to subsection (d)) insure mortgages under this section involving properties upon which are located dwelling units described in section 1103(c)(3) of this Act that are developed under the new town demonstration programs carried out pursuant to this title.“(b)Mortgage Terms.—Mortgages insured under this section shall—“(1) provide for periodic adjustments in the effective rate of interest charged, which—“(A) for the first 5 years of the mortgage, shall be an annual rate of not more than 7 percent; and“(B) after the expiration of such 5-year period, may increase on an annual basis, but—“(i) shall be limited, with respect to any single interest rate increase, to not more than a 10-percent increase in the annual percentage rate; and“(ii) may not be increased at any time to a rate greater than the rate necessary at such time to fully amortize the outstanding loan balance over the term of the mortgage; and“(2) have a maturity of 35 years from the date of the beginning of the amortization of the mortgage.“(c)Board Approval.—The Secretary may provide insurance under this section for a mortgage only if the governing board for the demonstration program for the new town demonstration area in which the property subject to the mortgage is located has indicated to the Secretary approval of the mortgage in connection with the demonstration program.“(d)Insurance Authority.—To the extent provided in appropriation Acts, the Secretary shall use any authority provided pursuant to section 531(b) of the National Housing Act [12 U.S.C. 1735f–9(b)] to enter into commitments to insure loans and mortgages under this section in fiscal years 1993 and 1994 with an aggregate principal amount not exceeding such sums as may be necessary to carry out the demonstration under this title. Mortgages insured under this section shall not be considered for purposes of the aggregate limitation on the number of mortgages insured under section 251 of the National Housing Act [12 U.S.C. 1715z–16] specified in subsection (c) of such section.
Notes of Decisions
Cited in 15 cases (1 in the last 5 years), 1937–2022 · leading case: Klimko v. Virginia Emp. Comm'n, 222 S.E.2d 559 (Va. 1976).
Klimko v. Virginia Emp. Comm'n, 222 S.E.2d 559 (Va. 1976). · cites it 2× “1973); 42 U.S.C. § 1104 . The federal government also levies a tax on employers, 26 U.”
In Re Kucharz, 418 B.R. 635 (Bankr. C.D. Ill. 2009). · cites it 3× “Treasury maintains separate accounts for the deposits made by each state and the earnings on the deposits. 42 U.S.C. § 1104 (e). The U.S.”
Fidel B. Ibarra, Jr. v. Texas Emp. Comm'n v. United States Dep't of Labor & United States Immigr. & Naturalization Serv., 823 F.2d 873 (5th Cir. 1987). · cites it 2× “5221b-7(c) (Vernon 1987); see 42 U.S.C. § 1104 (f). The money goes into the benefit account in the Texas Compensation Fund, from which it is paid out to claimants.”
In Re Munger, 370 B.R. 21 (Bankr. D. Mass. 2007). · cites it 2× “" 42 U.S.C. § 1104 ; "The Secretary of the Treasury is authorized and directed to pay out of the Fund to any state agency such amount as it may duly requisition .”
Indus. Comm'n v. Arteaga, 735 P.2d 473 (Colo. 1987). · cites it 2× “§ 3302 (a)(3)-(4) (1976); 42 U.S.C. § 1104 (1982). An appropriation in an amount equal to the proceeds of the tax funds administrative costs of state programs administered in conformity with federal statutory requirements.”
unempl.ins.rep. Cch 22,027 Bonita Paschal v. Sally Jackson, Dir. of the Illinois Dep't of Emp. Sec., 936 F.2d 940 (7th Cir. 1991). “See also 42 U.S.C. § 1104 (f); 26 U.S.C. § 3306 (f).”
Bowman v. Stumbo, 735 F.2d 192 (6th Cir. 1984). · cites it 2× “If so certified, the state remits the employer’s contributions to the Secretary of the Treasury for deposit into the Unemployment Trust Fund created by 42 U.S.C. § 1104 . Thereafter, states administer the payment of unemployment compensation claims by request for monies held on…”
Washington v. Reding, 438 B.R. 348 (M.D. Ala. 2010). “The Unemployment Trust Fund was established through a provision of the Social Security Act, 42 U.S.C. § 1104 (a), and another provision of the Act directs the “Secretary of the Treasury to invest such portion of the Fund as is not, in his judgment, required to meet current…”
B. F. Goodrich Co. v. Dir. of the Div. of Emp. Sec., 385 N.E.2d 262 (Mass. App. Ct. 1979). “151A, § 50(6), and 42 U.S.C. § 1104 . The contributions, paid quarterly by an employer during each calendar year, are a percentage of so much of his payroll as is subject to the Unemployment Compensation Law (G.”
Davis v. Boston & M. R. Co., 89 F.2d 368 (1st Cir. 1937). · cites it 2× “(3) All money received in the "unemployment fund" (from state taxes) shall immediately upon such receipt be paid over to the Secretary of the Treasury to the credit of the Unemployment Trust Fund established by section 904 of Title IX ( 42 U.S.C.A. § 1104 ). (4) All money…”
In Re Mytinger, 31 F. Supp. 977 (N.D. Tex. 1940). “This fund is deposited in the state treasury, and later is deposited with the Secretary of the United States Treasury, to the credit of the Texas Unemployment Trust Fund by virtue of Section 904 of the Social Security Act, 42 U.S.C.A. § 1104 , and the United States pays the…”
Cassandra Caron & a. v. New Hampshire Dep't of Emp. Sec. & a. (N.H. 2022). · cites it 2× “See 42 U.S.C. § 1104 (a). The CARES Act provides that the funding for PUA be transferred from the general fund of the Treasury into the Unemployment Trust Fund and that the Trust Fund “be used to make payments to States.”
— 42 U.S.C. § 1104(a) — 1 case
Cassandra Caron & a. v. New Hampshire Dep't of Emp. Sec. & a. (N.H. 2022). “See 42 U.S.C. § 1104 (a). The CARES Act provides that the funding for PUA be transferred from the general fund of the Treasury into the Unemployment Trust Fund and that the Trust Fund “be used to make payments to States.”
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