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Payment for loss mitigation

The Secretary may pay insurance benefits to the mortgagee to recompense the mortgagee for all or part of any costs of the mortgagee for taking loss mitigation actions that provide an alternative to foreclosure of a mortgage that is in default or faces imminent default, as defined by the Secretary (including but not limited to actions such as special forbearance, loan modification, support for borrower housing counseling, partial claims, borrower incentives, preforeclosure sale, and deeds in lieu of foreclosure, but not including assignment of mortgages to the Secretary under section subsection 1 1 So in original. (a)(1)(A) or section 1715u(c) of this title ). No actions taken under this paragraph, nor any failure to act under this paragraph, by the Secretary or by a mortgagee shall be subject to judicial review.

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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 (1)

References

This rule cites 1 other rule.

12 USC § 1715u (c)inferredUS Federal › Statutes › Title 12 › § 1715u › (c)

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us/statute/12/1710/a/2 — Payment for loss mitigation · Axiom

Payment for loss mitigation

Official source

in view

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▸rulespec code

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statutes/12/1710.yaml

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This encoding covers the parent provision us/statute/12/1710; no dedicated encoding exists for this exact provision yet.

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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 (1)

References

This rule cites 1 other rule.

12 USC § 1715u (c)inferredUS Federal › Statutes › Title 12 › § 1715u › (c)