National Housing Act Amendment: Hearing Before ... , 83-1 on H.J. Res 160 ... , February 17, 1953, Volume 22

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Página 2 - SEC. 2. (a) The Secretary is authorized and empowered upon such terms and conditions as he may prescribe, to insure banks, trust companies, personal finance companies, mortgage companies, building and loan associations, installment lending companies, and other such financial institutions, which the Secretary finds to be qualified by experience or facilities and approves as eligible for credit insurance...
Página 3 - Commissioner, reflecting a condition satisfactory to him; shall file with the Commissioner similar audits at least once in each calendar year so long as its approval as mortgagee continues; shall submit at any time to such examination of its books and affairs as the Commissioner may require; and shall comply with any other conditions that the Commissioner may impose. Prior to the approval of any such mortgagee, it shall submit an agreement...
Página 3 - ... is made for the purpose of financing the alteration, repair, improvement, or conversion of an existing structure used or to be used as an apartment house or a dwelling for two or more families...
Página 21 - States, and whoever violates any provision of this section shall be guilty of a misdemeanor and subject to a fine of not more than $5,000, or to imprisonment for not more than five years, or both.
Página 4 - ... discount per $100 original face amount of a 1-year note to be paid in equal monthly installments, calculated from the date of the note.
Página 5 - Obtain a copy of the contract or sales agreement, signed by the borrower and the dealer, describing the type and extent of improvements to be made and the material to be used.
Página 1 - The aggregate amount of all loans, advances of credit, and obligations purchased, exclusive of financing charges, with respect to which insurance may be heretofore or hereafter granted under this section and outstanding at any one, time shall not exceed $1,750,000.000.
Página 21 - VI (We) hereby certify that all articles and materials have been furnished and installed and the work satisfactorily completed on premises indicated in my (our) Credit Application.
Página 7 - ... ECONOMIST Mr. SCHNITZLER. Mr. Chairman, I deeply appreciate this opportunity to appear before your committee this morning. I would like to introduce two associates of mine, the director of our legislative department, Andrew Biemiller, and a representative of our research department, Frank Fernbach. I am grateful for this opportunity to appear before you to present the. viewpoint of the American Federation of Labor and Congress of Industrial Organizations about what must be done to meet the current...
Página 21 - July 1, 1947, pursuant to the provisions of Title I of the National Housing Act, as amended...

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