us/statute/12/1707/b

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us/statute/12/1707/b · Axiom

The term “mortgagee” includes the original lender under a mortgage, and his successors and assigns approved by the Secretary; and the term “mortgagor” includes the original borrower under a mortgage and his successors and assigns.

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statutes/12/1707.yaml

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Rules

renewable_lease_minimum_years

Parameter

source: 12 USC 1707(a)

- name: renewable_lease_minimum_years
  kind: parameter
  dtype: Count
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1707
            excerpt: under a lease for not less than ninety-nine years which is renewable
  versions:
    - effective_from: '0001-01-01'
      formula: '99'

lease_years_beyond_maturity_minimum

Parameter

source: 12 USC 1707(a)

- name: lease_years_beyond_maturity_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1707
            excerpt: >-
              under a lease having a period of not less than ten years to run beyond the maturity
              date
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

first_mortgage

Derived

source: 12 USC 1707(a)

- name: first_mortgage
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        lien_class_commonly_secures_real_estate_advances_under_state_law
        or lien_class_commonly_secures_unpaid_real_estate_purchase_price_under_state_law

real_estate

Derived

source: 12 USC 1707(g)

- name: real_estate
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        asset_is_land
        or asset_is_natural_resource_permanently_affixed_to_land
        or asset_is_structure_permanently_affixed_to_land
        or asset_is_residential_building_permanently_affixed_to_land
        or asset_is_stationary_manufactured_housing_permanently_affixed_to_land

mortgage

Derived

source: 12 USC 1707(a)

- name: mortgage
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#first_mortgage
            output: first_mortgage
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#real_estate
            output: real_estate
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        first_mortgage
        and (
          (real_estate and mortgage_is_on_fee_simple_interest)
          or (
            mortgage_is_on_leasehold_on_real_estate
            and (
              (lease_years >= renewable_lease_minimum_years and lease_is_renewable)
              or lease_years_to_run_beyond_maturity_date >= lease_years_beyond_maturity_minimum
            )
          )
          or (
            mortgage_secures_unpaid_purchase_price_of_fee_or_long_term_leasehold_interest
            and property_consists_of_one_family_unit_in_multifamily_project
            and mortgage_includes_undivided_interest_in_common_areas_and_facilities_serving_project
          )
        )

child

Derived

source: 12 USC 1707(f)

- name: child
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(f)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        person_is_mortgagor_son
        or person_is_mortgagor_stepson
        or person_is_mortgagor_daughter
        or person_is_mortgagor_stepdaughter

child_treated_as_child_by_blood

Derived

source: 12 USC 1707(e)

- name: child_treated_as_child_by_blood
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        person_is_legally_adopted_son_or_daughter_of_individual
        or person_is_household_child_placed_by_authorized_agency_for_legal_adoption_by_individual
        or person_is_foster_child_of_individual

family_member

Derived

source: 12 USC 1707(e)

- name: family_member
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#child
            output: child
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#child_treated_as_child_by_blood
            output: child_treated_as_child_by_blood
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        child
        or child_treated_as_child_by_blood
        or person_is_parent_of_mortgagor
        or person_is_grandparent_of_mortgagor
        or person_is_child_of_mortgagor_spouse
        or person_is_parent_of_mortgagor_spouse
        or person_is_grandparent_of_mortgagor_spouse

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Official source

in view

Whole section

▸rulespec code

Shown source

statutes/12/1707.yaml

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This encoding covers the parent provision us/statute/12/1707; no dedicated encoding exists for this exact provision yet.

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Rules

renewable_lease_minimum_years

Parameter

source: 12 USC 1707(a)

- name: renewable_lease_minimum_years
  kind: parameter
  dtype: Count
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1707
            excerpt: under a lease for not less than ninety-nine years which is renewable
  versions:
    - effective_from: '0001-01-01'
      formula: '99'

lease_years_beyond_maturity_minimum

Parameter

source: 12 USC 1707(a)

- name: lease_years_beyond_maturity_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1707
            excerpt: >-
              under a lease having a period of not less than ten years to run beyond the maturity
              date
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

first_mortgage

Derived

source: 12 USC 1707(a)

- name: first_mortgage
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        lien_class_commonly_secures_real_estate_advances_under_state_law
        or lien_class_commonly_secures_unpaid_real_estate_purchase_price_under_state_law

real_estate

Derived

source: 12 USC 1707(g)

- name: real_estate
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        asset_is_land
        or asset_is_natural_resource_permanently_affixed_to_land
        or asset_is_structure_permanently_affixed_to_land
        or asset_is_residential_building_permanently_affixed_to_land
        or asset_is_stationary_manufactured_housing_permanently_affixed_to_land

mortgage

Derived

source: 12 USC 1707(a)

- name: mortgage
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 12 USC 1707(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#first_mortgage
            output: first_mortgage
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#real_estate
            output: real_estate
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        first_mortgage
        and (
          (real_estate and mortgage_is_on_fee_simple_interest)
          or (
            mortgage_is_on_leasehold_on_real_estate
            and (
              (lease_years >= renewable_lease_minimum_years and lease_is_renewable)
              or lease_years_to_run_beyond_maturity_date >= lease_years_beyond_maturity_minimum
            )
          )
          or (
            mortgage_secures_unpaid_purchase_price_of_fee_or_long_term_leasehold_interest
            and property_consists_of_one_family_unit_in_multifamily_project
            and mortgage_includes_undivided_interest_in_common_areas_and_facilities_serving_project
          )
        )

child

Derived

source: 12 USC 1707(f)

- name: child
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(f)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        person_is_mortgagor_son
        or person_is_mortgagor_stepson
        or person_is_mortgagor_daughter
        or person_is_mortgagor_stepdaughter

child_treated_as_child_by_blood

Derived

source: 12 USC 1707(e)

- name: child_treated_as_child_by_blood
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        person_is_legally_adopted_son_or_daughter_of_individual
        or person_is_household_child_placed_by_authorized_agency_for_legal_adoption_by_individual
        or person_is_foster_child_of_individual

family_member

Derived

source: 12 USC 1707(e)

- name: family_member
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 12 USC 1707(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1707
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#child
            output: child
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/12/1707#child_treated_as_child_by_blood
            output: child_treated_as_child_by_blood
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        child
        or child_treated_as_child_by_blood
        or person_is_parent_of_mortgagor
        or person_is_grandparent_of_mortgagor
        or person_is_child_of_mortgagor_spouse
        or person_is_parent_of_mortgagor_spouse
        or person_is_grandparent_of_mortgagor_spouse