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12 USC 1735e

US - USC Title 12: Banks and Banking

12 USC 1735e

§ 1735e - Acceptance of materials or products used in structures

CHAPTER 13— NATIONAL HOUSING › SUBCHAPTER V— MISCELLANEOUS

The Secretary shall adopt a uniform procedure for the acceptance of materials and products to be used in structures approved for mortgages or loans insured under this chapter. Under such procedure any material or product which the Secretary finds is technically suitable for the use proposed shall be accepted. Acceptance of a material or product as technically suitable shall not be deemed to restrict the discretion of the Secretary to determine that a structure, with respect to which a mortgage is executed, is economically sound or an acceptable risk.

Notes

Editorial Notes

Amendments

1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing.
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