12 USC 4561 - Establishment of housing goals

U.S Code last checked for updates: Apr 27, 2024

§ 4561.

Establishment of housing goals

(a)

In general

The Director shall, by regulation, establish effective for 2010 and each year thereafter, annual housing goals, with respect to the mortgage purchases by the enterprises, as follows:

(1)

Single-family housing goals

(2)

Multifamily special affordable housing goal

(b)

Timing

(c)

Transition

(d)

Eliminating interest rate disparities

(1)

In general

(2)

Remedial actions upon preliminary finding

Upon a preliminary finding by the Director that a pattern of disparities in interest rates with respect to any lender or lenders exists pursuant to the data provided by an enterprise in paragraph (1), the Director shall_1

 So in original.

(A)

refer the preliminary finding to the appropriate regulatory or enforcement agency for further review; and

(B)

require the enterprise to submit additional data with respect to any lender or lenders, as appropriate and to the extent practicable, to the Director who shall submit any such additional data to the regulatory or enforcement agency for appropriate action.

(3)

Annual report to Congress

(4)

Protection of identity of individuals

(Pub. L. 102–550, title XIII, § 1331, as added Pub. L. 110–289, div. A, title I, § 1128(b), July 30, 2008, 122 Stat. 2696.)

cite as: 12 USC 4561