New or Rehabilitated Multifamily Housing [Banks & Banking] Law and Legal Definition
Pursuant to 12 USCS § 1715r (1) [Title 12. Banks and Banking; Chapter 13. National Housing; Mortgage Insurance], the term new or rehabilitated multifamily housing means “a project or property approved for mortgage insurance prior to the construction or the repair and rehabilitation involved and covered by a mortgage insured or to be insured (i) under section 207 [12 USCS § 1713], (ii) under section 213 [12 USCS § 1715e] with respect to any property or project of a corporation or trust of the character described in paragraph numbered (1) of subsection (a) thereof or with respect to any property or project of a mortgagor of the character described in paragraph (3) of subsection (a) thereof, (iii) under section 220 [12 USCS § 1715k] if the mortgage meets the requirements of paragraph (3)(B) of subsection (d) thereof, (iv) under section 221 [12 USCS § 1715l] if the mortgage meets the requirements of paragraph (3) or paragraph (4) of subsection (d) thereof, (v) under section 231 [12 USCS § 1715v], (vi) under section 233 [12 USCS § 1715x] if the mortgage meets the requirements of subsection (b), (vii) under section 810 [12 USCS § 1748h-2] if the mortgage meets the requirements of subsection (f), (viii) under section 234(d) [12 USCS § 1715y(d)], or (ix) under section 236 [12 USCS § 1715z-1].”
Legal Definition list
- New or Rehabilitated Multifamily Housing [Banks & Banking]
- New or Different Article of Commerce
- New Motor Vehicle Damage Disclosure Act
- New Motor Vehicle
- New Matter
- New or Significantly Improved Technology
- New Partial Quiet Zone [Transportation]
- New Party in Presidential Election
- New Philippine Scouts
- New Principal Residence
- New Promise
