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U.S. Code/Title 12/§ 1716b

Title 12

12

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12 U.S.C. § 1716b.Chapter 13

§ 1716b

Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations

Title 12
2 min read
Subchapter: NATIONAL MORTGAGE ASSOCIATIONS

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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 1721.1section 1719 of this title11

§ 1716

Release: pl-119-102 (2026-07-12)

§ 1717

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