§1715u. Authority to assist mortgagors in default — Inbound Citations
12 U.S.C. § 1715u
Cited by 5 provisions in release 119-102.
Citations to 12 U.S.C. § 1715u as a whole
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(8) Nothing in this section shall limit the authority of the Secretary to pay insurance benefits under section 1715u of this title.
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(9) Notwithstanding any other provision of law, or the Amended Stipulation entered as a consent decree on November 8, 1979, in Ferrell v. Cuomo, No. 73 C 334 (N.D. Ill.), or any other order intended to require the Secretary to operate the program of mortgage assignment and forbearance that was operated by the Secretary pursuant to the Amended Stipulation and under the authority of section 1715u of this title, prior to its amendment by section 407(b) of The Balanced Budget Downpayment Act, I (Public Law 104–99; 110 Stat. 45), no mortgage assigned under this section may be included in any mortgage foreclosure avoidance program that is the same or substantially equivalent to such a program of mortgage assignment and forbearance.
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(i) The provisions of sections 1715p and 1715u of this title shall be applicable to the mortgages insured under subsection (c) of this section.
Citations to §1715u(a)
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(I) Failure to engage in loss mitigation actions as provided in section 1715u(a) of this title.
Citations to §1715u(c)
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(2) The Secretary may pay insurance benefits to the mortgagee to recompense the mortgagee for all or part of any costs of the mortgagee for taking loss mitigation actions that provide an alternative to foreclosure of a mortgage that is in default or faces imminent default, as defined by the Secretary (including but not limited to actions such as special forbearance, loan modification, support for borrower housing counseling, partial claims, borrower incentives, preforeclosure sale, and deeds in lieu of foreclosure, but not including assignment of mortgages to the Secretary under section subsection1 (a)(1)(A) or section 1715u(c) of this title). No actions taken under this paragraph, nor any failure to act under this paragraph, by the Secretary or by a mortgagee shall be subject to judicial review.