12 USC § 1709a - Determination of loan-to-value ratios

---
identifier: "/us/usc/t12/s1709a"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1709a - Determination of loan-to-value ratios"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1709a"
section_name: "Determination of loan-to-value ratios"
chapter_number: 13
chapter_name: "NATIONAL HOUSING"
subchapter_number: "II"
subchapter_name: "MORTGAGE INSURANCE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 85–104, title I, § 104, July 12, 1957, 71 Stat. 296; Pub. L. 90–19, § 14(a), May 25, 1967, 81 Stat. 24.)"
---


# § 1709a. Determination of loan-to-value ratios

12 U.S.C. 1701

The Secretary of Housing and Urban Development, in establishing maximum loan-to-value ratios for mortgages insured by him under the National Housing Act [ et seq.], as amended by sections 101, 102, and 103 of this Act, shall determine that such ratios are in the public interest after taking into consideration (1) the effect of such ratios on the national economy and on conditions in the building industry, and (2) the availability or unavailability of residential mortgage credit assisted under the Servicemen’s Readjustment Act of 1944, as amended.

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**Source Credit**: (Pub. L. 85–104, title I, § 104, July 12, 1957, 71 Stat. 296; Pub. L. 90–19, § 14(a), May 25, 1967, 81 Stat. 24.)

## Editorial Notes

### References in Text

The National Housing Act, referred to in text, is , , which is classified principally to this chapter (§ 1701 et seq.). For complete classification of this Act to the Code, see  and Tables.

Amendments by sections 101, 102, and 103 of this act, referred to in text, refers to amendment of sections 1709(b), (i), 1715k(d)(3), and 1715m(b) of this title by .  was repealed by , , .  was repealed by , , .

The Servicemen’s Readjustment Act of 1944, as amended, referred to in text, is , , which was classified generally to chapter 11C (§§ 693 to 697g) of former Title 38, Pensions, Bonuses, and Veterans’ Relief, and which was repealed by , , , the first section of which enacted Title 38, Veterans’ Benefits. For distribution of sections 693 to 697g of former Title 38 to Title 38, Veterans’ Benefits, see Table preceding , Veterans’ Benefits.

### Codification

Section was enacted as part of the Housing Act of 1957, and not as part of the National Housing Act which comprises this chapter.

### Amendments

1967— substituted “Secretary of Housing and Urban Development” for “Federal Housing Commissioner”.