---
kind: "section"
citation: "12 U.S.C. § 2705"
title: "12"
title_heading: "Banks and Banking"
number: "2705"
heading: "Emergency mortgage relief payments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2705"
units:
  - "Chapter 28 — Emergency Mortgage Relief"
---

# §2705. Emergency mortgage relief payments

- (a) **Direct payments to mortgagee—** In the case of any [mortgagee](/usc/12/1707.md?p=b) which would otherwise be eligible to participate in the program authorized under [section 2704 of this title](/usc/12/2704.md) but does not qualify for an advance or advances as authorized by [section 2712](/usc/12/2712.md)[^1] of this title or under section [1430](/usc/12/1430.md), [1430b](/usc/12/1430b.md), or [1431](/usc/12/1431.md) of this title or otherwise elects not to participate in the program authorized under [section 2704 of this title](/usc/12/2704.md), the [Secretary](/usc/12/1715z–22a.md?p=4) is authorized to make repayable emergency [mortgage](/usc/12/1707.md?p=a) relief payments directly to such [mortgagee](/usc/12/1707.md?p=b) on behalf of homeowners whose [mortgages](/usc/12/1707.md?p=a) are held by such financial institution and who are delinquent in their [mortgage](/usc/12/1707.md?p=a) payments.
- (b) **Mortgages eligible; terms and conditions—** Emergency [mortgage](/usc/12/1707.md?p=a) relief payments shall be made under this section only with respect to a [mortgage](/usc/12/1707.md?p=a) which meets the requirements of [section 2702 of this title](/usc/12/2702.md) and only on such terms and conditions as the [Secretary](/usc/12/1715z–22a.md?p=4) may prescribe, subject to the provisions of [section 2703 of this title](/usc/12/2703.md).
- (c) **Processing of relief payments; power of Secretary—** The [Secretary](/usc/12/1715z–22a.md?p=4) may make such delegations and accept such certifications with respect to the processing of [mortgage](/usc/12/1707.md?p=a) relief payments provided under this section as he deems appropriate to facilitate the prompt and efficient implementation of the assistance authorized under this section.

## Footnotes

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

## Source credit

(Pub. L. 94–50, title I, § 106, July 2, 1975, 89 Stat. 251.)

## Notes

### Editorial Notes

### References in Text

Section 2712 of this title, referred to in subsec. (a), was repealed by Pub. L. 111–203, title XIV, § 1496(b)(7), July 21, 2010, 124 Stat. 2209.