---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "ch13/schIII"
level: "subchapter"
label: "Subchapter III"
heading: "National Mortgage Associations"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/ch13-schIII"
sections_count: 19
---

# Subchapter III — National Mortgage Associations

Title 12 — Banks and Banking › Chapter 13 — National Housing

## Sections

- [§1716. Declaration of purposes of subchapter](/usc/12/1716.md)
- [§1716a. Repealed.](/usc/12/1716a.md)
- [§1716b. Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations](/usc/12/1716b.md)
- [§1717. Federal National Mortgage Association and Government National Mortgage Association](/usc/12/1717.md)
- [§1717a. Prohibition against sale of obligations by Federal departments and agencies after](/usc/12/1717a.md)
- [§1718. Capitalization of Federal National Mortgage Association](/usc/12/1718.md)
- [§1719. Secondary market operations](/usc/12/1719.md)
- [§1720. Repealed.](/usc/12/1720.md)
- [§1721. Management and liquidation functions of Government National Mortgage Association](/usc/12/1721.md)
- [§1722. Benefits and burdens incident to administration of functions and operations under sections 1720 and 1721](/usc/12/1722.md)
- [§1723. Management](/usc/12/1723.md)
- [§1723a. General powers of Government National Mortgage Association and Federal National Mortgage Association](/usc/12/1723a.md)
- [§1723b. Investment of funds](/usc/12/1723b.md)
- [§1723c. Obligations, participations, or other instruments as lawful investments; acceptance as security; exempt securities](/usc/12/1723c.md)
- [§1723d. Transfer of certain functions to Association](/usc/12/1723d.md)
- [§1723e. Repealed.](/usc/12/1723e.md)
- [§1723f. Repealed.](/usc/12/1723f.md)
- [§1723h. Repealed.](/usc/12/1723h.md)
- [§1723i. Civil money penalties against issuers](/usc/12/1723i.md)