---
kind: "section"
citation: "12 U.S.C. § 1735f–6"
title: "12"
title_heading: "Banks and Banking"
number: "1735f–6"
heading: "Secondary mortgages held by State or local governmental agency on insured properties"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1735f-6"
units:
  - "Chapter 13 — National Housing"
  - "Subchapter V — Miscellaneous"
---

# §1735f–6. Secondary mortgages held by State or local governmental agency on insured properties


In carrying out the provisions of subchapter II of this chapter with respect to insuring [mortgages](/usc/12/1707.md?p=a) secured by a one- to four-family dwelling unit, the [Secretary](/usc/12/1715z–22a.md?p=4) may not deny such insurance for any such [mortgage](/usc/12/1707.md?p=a) solely because the dwelling unit which secures such [mortgage](/usc/12/1707.md?p=a) will be subject to a secondary [mortgage](/usc/12/1707.md?p=a) or loan made or insured, or other secondary lien held, by any [State](/usc/12/1707.md?p=d) or local governmental agency or instrumentality under terms and conditions approved by the [Secretary](/usc/12/1715z–22a.md?p=4).


## Source credit

(June 27, 1934, ch. 847, title V, § 528, as added Pub. L. 95–557, title III, § 323, Oct. 31, 1978, 92 Stat. 2102.)