loading…

us/statute/12/1710/h/6 — Discount for preferred purchasers · Axiom

Discount for preferred purchasers

(A) In general For the purpose of providing a public purpose discount for the bulk sales of eligible assets made under the program under this subsection by preferred purchasers, each eligible asset sold through the program under this subsection to a preferred purchaser shall be sold at a price that is discounted from the value of the asset, as based on the appraised value of the asset property (as such term is defined in paragraph (8)).

(B) Appraisals The Secretary shall require that each appraisal of an eligible asset under this paragraph is based upon— (i) the market value of the asset property in its “as is” physical condition, which shall take into consideration age and condition of major mechanical and structural systems; and (ii) the value of the property appraised for home ownership.

(C) Discounts The Secretary, in the sole discretion of the Secretary, shall establish the discount under this paragraph for an eligible asset. In determining the discount, the Secretary may consider the condition of the asset property, the extent of resources available to the preferred purchaser, the comprehensive revitalization plan undertaken by such purchaser, the financial safety and soundness of the Mutual Mortgage Insurance Fund, and any other circumstances the Secretary considers appropriate 3 3 So in original. There probably should be a period.

in view

Whole section

▸rulespec code

Shown source

statutes/12/1710.yaml

Displaying the canonical repository encoding.

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

View on GitHub

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'

loading…

Discount for preferred purchasers

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/12/1710.yaml

Displaying the canonical repository encoding.

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

View on GitHub

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'