US Code
SUBCHAPTER III— NATIONAL MORTGAGE ASSOCIATIONS
§ 1716b. Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations

The purposes of this title include the partition of the Federal National Mortgage Association as heretofore existing into two separate and distinct corporations, each of which shall have continuity and corporate succession as a separated portion of the previously existing corporation. One of such corporations, to be known as Federal National Mortgage Association, will be a Government-sponsored private corporation, will retain the assets and liabilities of the previously existing corporation accounted for under , and will continue to operate the secondary market operations authorized by such section 1719. The other, to be known as Government National Mortgage Association, will remain in the Government, will retain the assets and liabilities of the previously existing corporation accounted for under sections 1720  and 1721 of this title, and will continue to operate the special assistance functions and management and liquidating functions authorized by such sections 1720  and 1721.

Structure US Code

US Code

Title 12— BANKS AND BANKING

CHAPTER 13— NATIONAL HOUSING

SUBCHAPTER III— NATIONAL MORTGAGE ASSOCIATIONS

§ 1716. Declaration of purposes of subchapter

§§ 1716–1, 1716a. Repealed. , title II, § 206,

§ 1716b. Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations

§ 1717. Federal National Mortgage Association and Government National Mortgage Association

§ 1717a. Prohibition against sale of obligations by Federal departments and agencies after , without compliance with requirements of or without approval by Secretary of the Treasury; exemption

§ 1718. Capitalization of Federal National Mortgage Association

§ 1719. Secondary market operations

§ 1720. Repealed. [title IV, § 483(a)], ,

§ 1721. Management and liquidation functions of Government National Mortgage Association

§ 1722. Benefits and burdens incident to administration of functions and operations under sections 1720 and 1721

§ 1723. Management

§ 1723a. General powers of Government National Mortgage Association and Federal National Mortgage Association

§ 1723b. Investment of funds

§ 1723c. Obligations, participations, or other instruments as lawful investments; acceptance as security; exempt securities

§ 1723d. Transfer of certain functions to Association

§ 1723e. Repealed. [title IV, § 483(a)], ,

§ 1723f. Repealed. , ,

§§ 1723g, 1723h. Repealed. , ,

§ 1723i. Civil money penalties against issuers