United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 13. NATIONAL HOUSING |
§ 1701k. Right to redeem property on which United States has lien
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The right to redeem provided for by section 2410(c) of title 28, shall not arise in any case in which the subordinate lien or interest of the United States derives from the issuance of insurance under the National Housing Act, as amended [12 U.S.C. 1701 et seq.].
References In Text
The National Housing Act, as amended, referred to in text, is act June 27, 1934, ch. 847, 48 Stat. 1246, as amended, which is classified principally to this chapter (§ 1701 et seq.). For complete classification of this Act to the Code, see section 1701 of this title and Tables.
Codification
Section was enacted as part of the Housing Act of 1950, and not as part of the National Housing Act which comprises this chapter.
Amendments
1958—Pub. L. 85–857 struck out provisions which related to the right to redeem in cases in which the subordinate lien or interest derives from the issuance of guaranties of insurance under the Serviceman’s Readjustment Act of 1944, as amended.
Effective Date Of Amendment
Amendment by Pub. L. 85–857 effective
Miscellaneous
Act Apr. 20, 1950, ch. 94, title V, § 509, 64 Stat. 81, provided that:
Act Apr. 20, 1950, ch. 94, title V, § 510, 64 Stat. 81, provided that: