---
kind: "section"
citation: "12 U.S.C. § 1735f–17"
title: "12"
title_heading: "Banks and Banking"
number: "1735f–17"
heading: "Examinations and sanctions for certain violations"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1735f-17"
units:
  - "Chapter 13 — National Housing"
  - "Subchapter V — Miscellaneous"
---

# §1735f–17. Examinations and sanctions for certain violations

- (a) **Examinations and sanctions—**
  - (1) In connection with any examination of a [mortgagee](/usc/12/1707.md?p=b) approved by the [Secretary](/usc/12/1715z–22a.md?p=4) pursuant to this chapter, the [Secretary](/usc/12/1715z–22a.md?p=4) shall assess the performance of the [mortgagee](/usc/12/1707.md?p=b) in meeting the requirements of sections 1709(t),[^1] 1715n(a)(7)(B),[^1] and [1735f–13](/usc/12/1735f–13.md) of this title. Where the [Secretary](/usc/12/1715z–22a.md?p=4) determines that a [mortgagee](/usc/12/1707.md?p=b) is not in compliance with these requirements, the [Secretary](/usc/12/1715z–22a.md?p=4) shall refer the matter to the [Mortgagee](/usc/12/1707.md?p=b) Review [Board](/usc/12/1861.md?p=b-3) for investigation and appropriate action.
  - (2) Not later than 180 days after November 28, 1990, the [Secretary](/usc/12/1715z–22a.md?p=4) shall by notice establish a procedure under which (A) any [person](/usc/12/5481.md?p=19) may file a request that the [Secretary](/usc/12/1715z–22a.md?p=4) determine whether a [mortgagee](/usc/12/1707.md?p=b) is in compliance with sections 1709(t),[^1] 1715n(a)(7)(B),[^1] and [1735f–13](/usc/12/1735f–13.md) of this title, (B) the [Secretary](/usc/12/1715z–22a.md?p=4) shall inform the [person](/usc/12/5481.md?p=19) of the disposition of the request, and (C) the [Secretary](/usc/12/1715z–22a.md?p=4) shall publish in the Federal Register the disposition of any case referred by the [Secretary](/usc/12/1715z–22a.md?p=4) to the [Mortgagee](/usc/12/1707.md?p=b) Review [Board](/usc/12/1861.md?p=b-3). Such procedures shall be established by regulation under [section 553 of title 5](/usc/5/553.md). The [Secretary](/usc/12/1715z–22a.md?p=4) shall issue regulations based on the initial notice before the expiration of the 8-month period beginning on the date of the notice.
  - (3) Omitted.
- (b) **Monitoring and review—** The [Secretary](/usc/12/1715z–22a.md?p=4) shall continually monitor and undertake a thorough review of the implementation of this section to assess the impact of the section on the lending practices of [mortgagees](/usc/12/1707.md?p=b) and the availability of [mortgages](/usc/12/1707.md?p=a) insured under this chapter. The [Secretary](/usc/12/1715z–22a.md?p=4) shall monitor the availability of [credit](/usc/12/5481.md?p=7), the number and type of lenders participating in the program, whether there is any change in the composition or practices of such lenders and any other factors the [Secretary](/usc/12/1715z–22a.md?p=4) considers appropriate. The [Secretary](/usc/12/1715z–22a.md?p=4) shall submit to the Congress findings detailing the results of such monitoring and review not later than 18 months after November 28, 1990.

## Footnotes

[^1]: See References in Text note below.

## Source credit

(June 27, 1934, ch. 847, title V, § 539, as added Pub. L. 101–625, title III, § 330(b), Nov. 28, 1990, 104 Stat. 4139.)

## Notes

### Editorial Notes

### References in Text

Section 1709(t) of this title, referred to in subsec. (a)(1), (2), was redesignated section 1709(u) of this title by Pub. L. 106–377, § 1(a)(1) [title II, § 209(a)(1)], Oct. 27, 2000, 114 Stat. 1441, 1441A–25.

Section 1715n(a)(7)(B) of this title, referred to in subsec. (a)(1), (2), was redesignated section 1715n(a)(7)(A)(ii) of this title by Pub. L. 107–116, title VI, § 615(3), Jan. 10, 2002, 115 Stat. 2225.

### Codification

Paragraph (3) of subsection (a), which required the Secretary to submit to Congress, not less than annually, a report on actions taken to carry out this section, terminated, effective May 15, 2000, pursuant to section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance. See, also, page 103 of House Document No. 103–7.