123STA T . 1 8 8 0PUBLIC LA W 111 – 32 —J U NE 2 4, 200 9broad ba n d pl anp u r s uan t tot i tl eVI o f di v ision B oft h e Am eri c an R ecover y and Reinvestment Act of 20 0 9(P ublic L a w1 11 –5) and for carryin g out any other responsibility pursuant to that title
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’ .EXT E NSIO NO FL I M IT A TIONS S E C . 50 4 . (a) IN G ENE R AL. — Section 44(f)(1) of the F ederal D eposit Insurance Act (12 U .S. C .1 83 1u(f)(1)) is amended— (1) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii) , respectively, and moving the margins 2 ems to the right
(2) by stri k ing ‘ ‘evidence of debt by any insured’’ and inserting the following: ‘‘evidence of debt by— ‘‘(A) any insured’’; and (3) by striking the period at the end and inserting the following: ‘‘; and ‘‘(B) any nondepository institution operating in such State, shall be e q ual to not more than the greater of the State’s ma x imum lawful annual percentage rate or 1 7 per - cent— ‘‘(i) to facilitate the uniform implementation of fed- erally mandated or federally established programs and financings related thereto, including— ‘‘(I) uniform accessibility of student loans, including the issuance of qualified student loan bonds as set forth in section 144(b) of the Internal Revenue Code of 198 6
‘‘(II) the uniform accessibility of mortgage loans, including the issuance of qualified mortgage bonds and qualified veterans’ mortgage bonds as set forth in section 143 of such Code; ‘‘(III) the uniform accessibility of safe and affordable housing programs administered or sub- j ect to review by the Department of H ousing and Urban Development, including— ‘‘(aa) the issuance of exempt facility bonds for qualified residential rental property as set forth in section 142(d) of such Code; ‘‘(bb) the issuance of low income housing tax credits as set forth in section 42 of such Code, to facilitate the uniform accessibility of provisions of the American Recovery and Reinvestment Act of 2009; and ‘‘(cc) the issuance of bonds and obligations issued under that Act, to facilitate economic development, higher education, and improve- ments to infrastructure, and the issuance of bonds and obligations issued under any provi- sion of law to further the same; and ‘‘(ii) to facilitate interstate commerce generally, including consumer loans, in the case of any person or governmental entity (other than a depository institu- tion subject to subparagraph (A) and paragraph (2)).’’. (b) E FFECTI V E PERIO D .— T he amendments made by subsection (a) shall apply with respect to contracts consummated during the period beginning on the date of enactment of this Act and ending on December 31, 2010. 12USC 1 83 1 unote.Ap p licab ilit y . Cont r act s .
