Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
50 lines
2.3 KiB
Markdown
50 lines
2.3 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 5116"
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description: "Study and reports on defaults and foreclosures"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "51"
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chapter_name: "SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING"
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section: "5116"
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citation: "12 U.S.C. § 5116"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s5116"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "7e8bb6661e82af4aa6a2ffdcc2d08116acd86264ef0961da430ede9dbf0ba918"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "25e7004e40f3e326fb085284dbef4581baeb30a01d76d7a73ff5e6a71b0c76b8"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 5116 - Study and reports on defaults and foreclosures
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## Text
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(a) Study required The Director shall conduct an extensive study of the root causes of default and foreclosure of home loans, using as much empirical data as is available.
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(b) Preliminary report to Congress Not later than 6 months after July 30, 2008, the Director shall submit to Congress a preliminary report regarding the study required by this section.
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(c) Final report to Congress Not later than 12 months after July 30, 2008, the Director shall submit to Congress a final report regarding the results of the study required by this section, which shall include any recommended legislation relating to the study, and recommendations for best practices and for a process to provide targeted assistance to populations with the highest risk of potential default or foreclosure.
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(Pub. L. 110–289, div. A, title V, § 1517, July 30, 2008, 122 Stat. 2824; Pub. L. 111–203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)
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## Notes
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Editorial Notes
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Amendments2010—Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.
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Statutory Notes and Related Subsidiaries
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Effective Date of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
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