SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 — Study and reports on defaults and foreclosures

safe-12usc-5116

SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.), §5116 Study and reports on defaults and foreclosures. Full verbatim text from the Office of the Law Revision Counsel's United States Code (USLM XML, release point 119-111).

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Verbatim regulatory text (4)

Verbatim provisions from SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 — Study and reports on defaults and foreclosures — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

12 U.S.C. §5116(a)

(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.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 — Study and reports on defaults and foreclosures · source URL · snapshot 68b7d43fc3348887

12 U.S.C. §5116(b)

(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.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 — Study and reports on defaults and foreclosures · source URL · snapshot 68b7d43fc3348887

12 U.S.C. §5116(c)

(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.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 — Study and reports on defaults and foreclosures · source URL · snapshot 68b7d43fc3348887

12 U.S.C. §5116 note — source credit and editorial notes (not statute text)

(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.) Editorial Notes Amendments 2010—Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing. Statutory Notes and Related Subsidiaries Effective Date of 2010 Amendment Amendment 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.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5116 (notes) · source URL · snapshot 68b7d43fc3348887

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Source of record: https://claudeforcompliance.com/regs/safe-12usc-5116/ · register safe-12usc-5116 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.