§42. Territorial application — Inbound Citations
12 U.S.C. § 42
Cited by 2 provisions in release 119-102.
Citations to 12 U.S.C. § 42 as a whole
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(c) In the case of an insured mortgage covering a tax credit project for which project the applicable tax credit allocating agency is causing to be performed periodic inspections in compliance with the requirements of section 42 of title 26, such project shall be exempt from requirements imposed by the Secretary regarding periodic inspections of the property by the mortgagee. To the extent that other compliance monitoring is being performed with respect to such a project by such an allocating agency pursuant to such section 42, the Secretary shall, to the extent that the Secretary determines such monitoring is sufficient to ensure compliance with any requirements established by the Secretary, accept such agency’s evidence of compliance for purposes of determining compliance with the Secretary’s requirements.
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(bb) the issuance of low income housing tax credits as set forth in section 42 of such title; and