12 USC § 2705 - Emergency mortgage relief payments

---
identifier: "/us/usc/t12/s2705"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2705 - Emergency mortgage relief payments"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2705"
section_name: "Emergency mortgage relief payments"
chapter_number: 28
chapter_name: "EMERGENCY MORTGAGE RELIEF"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 94–50, title I, § 106, July 2, 1975, 89 Stat. 251.)"
---


# § 2705. Emergency mortgage relief payments

**1** **Direct payments to mortgagee** section 2704 of this title[^1]section 2704 of this title

In the case of any mortgagee which would otherwise be eligible to participate in the program authorized under  but does not qualify for an advance or advances as authorized by section 2712  of this title or under section 1430, 1430b, or 1431 of this title or otherwise elects not to participate in the program authorized under , the Secretary is authorized to make repayable emergency mortgage relief payments directly to such mortgagee on behalf of homeowners whose mortgages are held by such financial institution and who are delinquent in their mortgage payments.

See References in Text note below.

**(b)** **Mortgages eligible; terms and conditions** section 2702 of this titlesection 2703 of this title

Emergency mortgage relief payments shall be made under this section only with respect to a mortgage which meets the requirements of  and only on such terms and conditions as the Secretary may prescribe, subject to the provisions of .

**(c)** **Processing of relief payments; power of Secretary** The Secretary may make such delegations and accept such certifications with respect to the processing of mortgage relief payments provided under this section as he deems appropriate to facilitate the prompt and efficient implementation of the assistance authorized under this section.

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**Source Credit**: (Pub. L. 94–50, title I, § 106, July 2, 1975, 89 Stat. 251.)

## Editorial Notes

### References in Text

, referred to in subsec. (a), was repealed by , , .