US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 1470

Federal supervision of insured institutions, State member and nonmember banks; access to information; definitions

(a)
(1)
The appropriate Federal banking agency, with respect to the institutions subject to the jurisdiction of each such agency, shall by appropriate rule, regulation, order, or otherwise regulate investment in State housing corporations.
(2)
A State housing corporation in which financial institutions invest under the authority of this section shall make available to the appropriate Federal banking agency referred to in paragraph (1) such information as may be necessary to insure that investments are properly made in accordance with this section.
(b)
For the purposes of this section and any Act amended by this section—
(1)
12 U.S.C. 1724(a)1
1 See References in Text note below.
The term “insured institution” has the same meaning as in section 401(a) of the National Housing Act [].
(2)
12 U.S.C. 1811 The terms “State member insured banks” and “State nonmember insured banks” have the same meaning as when used in the Federal Deposit Insurance Act [ et seq.].
(3)
The term “State housing corporation” means a corporation established by a State for the limited purpose of providing housing and incidental services, particularly for families of low or moderate income.
(4)
The term “State” means any State, the District of Columbia, Guam, the Commonwealth of Puerto Rico, and the Virgin Islands.

Pub. L. 93–100, § 5(d)87 Stat. 344Pub. L. 111–203, title III, § 375124 Stat. 1566(, (e), , ; , , .)

Editorial Notes

References in Text

section 5 of Pub. L. 93–100section 1469 of this titleThis section, referred to in subsec. (a)(2), refers to , which enacted this section and and amended sections 24 and 1464 of this title.

This section and any Act amended by this section, referred to in subsec. (b), are this section and sections 24 par. Seventh, 1464(c), and 1469 of this title.

section 1724 of this titlePub. L. 101–73, title IV, § 407103 Stat. 363Section 401(a) of the National Housing Act, referred to in subsec. (b)(1), which was classified to , was repealed by , , .

act Sept. 21, 1950, ch. 967, § 264 Stat. 873section 1811 of this titleThe Federal Deposit Insurance Act, referred to in subsec. (b)(2), is , , which is classified generally to chapter 16 (§ 1811 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Codification

Section was not enacted as part of the Home Owners’ Loan Act of 1933, which comprises this chapter.

section 5 of Pub. L. 93–100Subsecs. (d) and (e) of have been designated subsecs. (a) and (b) for purposes of codification.

Amendments

Pub. L. 111–203, § 375(1)2010—Subsec. (a)(1). , substituted “appropriate Federal banking agency, with respect to the institutions subject to the jurisdiction of each such agency,” for “Federal Savings and Loan Insurance Corporation with respect to insured institutions, the Board of Governors of the Federal Reserve System with respect to State member insured banks, and the Federal Deposit Insurance Corporation with respect to State nonmember insured banks”.

Pub. L. 111–203, § 375(2)Subsec. (a)(2). , substituted “banking” for “supervisory”.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Pub. L. 111–203section 351 of Pub. L. 111–203section 906 of Title 2Amendment by effective on the transfer date, see , set out as a note under , The Congress.

Effective Date

section 8 of Pub. L. 93–100section 1469 of this titleSection effective , see , set out as a note under .