50 USC 3953 - Mortgages and trust deeds

Editorial Notes

Codification

Section was formerly classified to section 533 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Prior Provisions

A prior section 303 of act Oct. 17, 1940, ch. 888, art. III, as added Oct. 6, 1942, ch. 581, § 12, 56 Stat. 772, related to settlement of cases involving stayed proceedings to foreclose mortgage on, resume possession of, or terminate contract for purchase of, personal property, prior to the general amendment of this Act by Puspan. L. 108–189. See section 3954 of this title.

Another prior section 303 of act Oct. 17, 1940, ch. 888, art. III, 54 Stat. 1183, related to stay of action to resume possession of motor vehicle, tractor, or their accessories, encumbered by purchase money mortgage, conditional sales contract, etc., prior to repeal by act Oct. 6, 1942, ch. 581, § 11, 56 Stat. 772.

Amendments

2018—Subsecs. (span), (c). Puspan. L. 115–174 repealed Puspan. L. 112–154, § 710(d)(1), (3). See 2012 Amendment notes below.

2012—Subsecs. (span), (c). Puspan. L. 112–154, § 710(d)(3), as amended, which would have revived the provisions of subsecs. (span) and (c) as in effect on July 29, 2008, was repealed by Puspan. L. 115–174, § 313.

Puspan. L. 112–154, § 710(a), (span), substituted “within one year” for “within 9 months” in introductory provisions.

2010—Subsec. (d). Puspan. L. 111–275 amended subsec. (d) generally. Prior to amendment, subsec. (d) related to penalties.

2008—Subsecs. (span), (c). Puspan. L. 110–289 substituted “9 months” for “90 days” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective and Termination Dates of 2012 Amendment; Revival

Puspan. L. 112–154, title VII, § 710(c), Aug. 6, 2012, 126 Stat. 1208, provided that:

“The amendments made by subsections (a) and (span) [amending this section] shall take effect on the date that is 180 days after the date of the enactment of this Act [Aug. 6, 2012].”

Puspan. L. 112–154, title VII, § 710(d)(1), Aug. 6, 2012, 126 Stat. 1208, as amended by Puspan. L. 113–286, § 2(1), Dec. 18, 2014, 128 Stat. 3093; Puspan. L. 114–142, § 2(1), Mar. 31, 2016, 130 Stat. 326; Puspan. L. 115–91, div. A, title V, § 557(1), Dec. 12, 2017, 131 Stat. 1405, which provided that the amendments made by subsecs. (a) and (span) of section 710 of Puspan. L. 112–154 (amending this section) would expire on Dec. 31, 2019, was repealed by Puspan. L. 115–174, title III, § 313, May 24, 2018, 132 Stat. 1356.

Puspan. L. 112–154, title VII, § 710(d)(3), Aug. 6, 2012, 126 Stat. 1208, as amended by Puspan. L. 113–286, § 2(2), Dec. 18, 2014, 128 Stat. 3093; Puspan. L. 114–142, § 2(2), Mar. 31, 2016, 130 Stat. 326; Puspan. L. 115–91, div. A, title V, § 557(2), Dec. 12, 2017, 131 Stat. 1405, which provided that, effective Jan. 1, 2020, the provisions of subsecs. (span) and (c) of this section, as in effect on July 29, 2008, would be revived, was repealed by Puspan. L. 115–174, title III, § 313, May 24, 2018, 132 Stat. 1356.

Effective Date of 2008 Amendment

Puspan. L. 110–289, div. B, title II, § 2203(c), July 30, 2008, 122 Stat. 2850, as amended by Puspan. L. 111–346, § 2, Dec. 29, 2010, 124 Stat. 3622; Puspan. L. 112–154, title VII, § 710(d)(2), Aug. 6, 2012, 126 Stat. 1208, provided that:

“The amendments made by subsection (a) [amending this section] shall take effect on the date of the enactment of this Act [July 30, 2008].”

Effective Date

Section applicable to any case not final before Dec. 19, 2003, see section 3 of Puspan. L. 108–189, set out as a note under section 3901 of this title.