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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1747e Financial statements by Secretary us united_states_code code_section 12 BANKS AND BANKING 13 NATIONAL HOUSING 1747e 12 U.S.C. § 1747e current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1747e data/legal/raw/us/code/title-12/usc12.xml 354e8c353b274af66b79896305c76d402953e6c5dc98e1cb9cb3c0f4604c8452 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 36ea50b4cd69e22cf904b95cc0fbba60a697f3422b3300415b696d866ed024a4 2026-07-04 official
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12 U.S.C. § 1747e - Financial statements by Secretary

Text

With respect to each project insured under this subchapter, the Secretary shall provide that, after the close of each operating year, the investor shall submit to him for approval a financial and operating statement covering such operating year. If any such financial and operating statement shall not have been submitted or, for proper cause, shall not have been approved by the Secretary, payment of any claim submitted by the investor may, at the option of the Secretary, be withheld, in whole or in part, until such statement shall have been submitted and approved.

(June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 9019, § 1(a)(3), May 25, 1967, 81 Stat. 17.)

Notes

Editorial Notes

Amendments1967—Pub. L. 9019 substituted “Secretary” for “Commissioner” wherever appearing. 1950—Act Apr. 20, 1950, substituted “Commissioner” for “Administrator” wherever appearing.