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Foreclosure; payment and cessation of obligation

In the event that any mortgagee under a mortgage insured under section 1709 of this title (other than a mortgagee receiving insurance benefits under clause (1)(A) of the second sentence of subsection (a)) forecloses on the mortgaged property but does not convey such property to the Secretary in accordance with this section, and the Secretary is given written notice thereof, or in the event that the mortgagor pays the obligation under the mortgage in full prior to the maturity thereof, and the mortgagee pays any adjusted premium charge required under the provisions of section 1709(c) of this title , and the Secretary is given written notice by the mortgagee of the payment of such obligation, the obligation to pay any subsequent premium charge for insurance shall cease, and all rights of the mortgagee and the mortgagor under this section shall terminate as of the date of such notice.

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statutes/12/1710.yaml

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Rules

monetary_default_minimum_full_monthly_installments

Parameter

source: 12 USC 1710(a)

- name: monetary_default_minimum_full_monthly_installments
  kind: parameter
  dtype: Count
  source: 12 USC 1710(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: monetary default for not less than 3 full monthly installments
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

certificate_of_claim_annual_increment_rate

Parameter

source: 12 USC 1710(e)

- name: certificate_of_claim_annual_increment_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: an increment at the rate of 3 per centum per annum
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

debenture_maturity_years_after_date

Parameter

source: 12 USC 1710(d)

- name: debenture_maturity_years_after_date
  kind: parameter
  dtype: Count
  source: 12 USC 1710(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: shall mature twenty years after the date thereof
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

property_contract_small_purchase_threshold

Parameter

source: 12 USC 1710(g)

- name: property_contract_small_purchase_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1710(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: if the amount thereof does not exceed $1,000
  versions:
    - effective_from: '0001-01-01'
      formula: '1000'

revitalization_area_very_low_income_ratio

Parameter

source: 12 USC 1710(h)(3)(A)

- name: revitalization_area_very_low_income_ratio
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(h)(3)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: less than 60 percent of the median household income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.60'

eligible_asset_dwelling_family_minimum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

eligible_asset_dwelling_family_maximum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_maximum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '4'

revitalization_program_regulation_deadline_years

Parameter

source: 12 USC 1710(h)(10)

- name: revitalization_program_regulation_deadline_years
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(10)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: not later than the expiration of the 2-year period beginning on October 21, 1998
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

▸citations (2)

References

This rule cites 2 other rules.

12 USC § 1709inferredUS Federal › Statutes › Title 12 › § 1709
12 USC § 1709 (c)inferredUS Federal › Statutes › Title 12 › § 1709 › (c)

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us/statute/12/1710/j — Foreclosure; payment and cessation of obligation · Axiom

Foreclosure; payment and cessation of obligation

Official source

in view

Whole section

▸rulespec code

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statutes/12/1710.yaml

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Rules

monetary_default_minimum_full_monthly_installments

Parameter

source: 12 USC 1710(a)

- name: monetary_default_minimum_full_monthly_installments
  kind: parameter
  dtype: Count
  source: 12 USC 1710(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: monetary default for not less than 3 full monthly installments
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

certificate_of_claim_annual_increment_rate

Parameter

source: 12 USC 1710(e)

- name: certificate_of_claim_annual_increment_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: an increment at the rate of 3 per centum per annum
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

debenture_maturity_years_after_date

Parameter

source: 12 USC 1710(d)

- name: debenture_maturity_years_after_date
  kind: parameter
  dtype: Count
  source: 12 USC 1710(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: shall mature twenty years after the date thereof
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

property_contract_small_purchase_threshold

Parameter

source: 12 USC 1710(g)

- name: property_contract_small_purchase_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1710(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: if the amount thereof does not exceed $1,000
  versions:
    - effective_from: '0001-01-01'
      formula: '1000'

revitalization_area_very_low_income_ratio

Parameter

source: 12 USC 1710(h)(3)(A)

- name: revitalization_area_very_low_income_ratio
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(h)(3)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: less than 60 percent of the median household income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.60'

eligible_asset_dwelling_family_minimum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

eligible_asset_dwelling_family_maximum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_maximum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '4'

revitalization_program_regulation_deadline_years

Parameter

source: 12 USC 1710(h)(10)

- name: revitalization_program_regulation_deadline_years
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(10)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: not later than the expiration of the 2-year period beginning on October 21, 1998
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

▸citations (2)

References

This rule cites 2 other rules.

12 USC § 1709inferredUS Federal › Statutes › Title 12 › § 1709
12 USC § 1709 (c)inferredUS Federal › Statutes › Title 12 › § 1709 › (c)