Laws & Guidance HIGHER EDUCATION
1998 Amendments to the Higher Education Act of 1965
P.L. 105-244

TITLE IX--AMENDMENTS TO OTHER LAWS

PART G--AMENDMENTS TO OTHER STATUTES

SEC. 972. GNMA GUARANTEE FEE

(a) IN GENERAL- Section 306(g)(3)(A) of the National Housing Act (12 U.S.C. 1721(g)(3)(A)) is amended by striking `No fee or charge' and all that follows through `States)' and inserting `The Association shall assess and collect a fee in an amount equal to nine basis points'.

(b) EFFECTIVE DATE- The amendment made by this section shall take effect on October 1, 2004.

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Last Modified: 09/26/2003