§1431. Powers and duties of banks — Inbound Citations
12 U.S.C. § 1431
Cited by 3 provisions in release 119-102.
Citations to 12 U.S.C. § 1431 as a whole
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(2) The debentures, bonds, and other obligations issued under section 1431 of this title are—(A) exempted securities, within the meaning of section 77c(a)(2) of title 15;(B) government securities, within the meaning of section 78c(a)(42) of title 15; and(C) government securities, within the meaning of section 80a–2(a)(16) of title 15.
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(a) In the case of any mortgagee which would otherwise be eligible to participate in the program authorized under section 2704 of this title but does not qualify for an advance or advances as authorized by section 27121 of this title or under section 1430, 1430b, or 1431 of this title or otherwise elects not to participate in the program authorized under section 2704 of this title, the Secretary is authorized to make repayable emergency mortgage relief payments directly to such mortgagee on behalf of homeowners whose mortgages are held by such financial institution and who are delinquent in their mortgage payments.
Citations to §1431(g)
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(1) Each Federal Home Loan Bank is authorized to make secured advances to its members upon collateral sufficient, in the judgment of the Bank, to fully secure advances obtained from the Bank under this section or section 1431(g) of this title.