106 STAT. 3782 PUBLIC LAW 102-550—OCT. 28, 1992

are issued after the expiration of the 12-month period beginning
on the date of the enactment of this Act.

SEC. 607. AUTHORITY TO DECREASE INSURANCE PREMIUM CHARGES.

(a) PERMANENT PROVISIONS.—Section 203(cX2) of the National
Housing Act (12 U.S.C. 1709(cX2)) is amended—

(1) in subparagraph (A), by striking "equal to" and inserting
"not exceeding"; and

(2) in subparagraph (B>—

(A) in the matter preceding clause (i), by striking "equal
to" and inserting "not exceeding"; and

(B) in clause (ii), by striking "equal to 0.55 percent"
and inserting "not exceeding 0.55 percent".

(b) TRANSITION PROVISIONS.—Section 2103(b) of the Omnibus
Budget Reconciliation Act of 1990 (12 U.S.C. 1709 note) is
amended—

(1) in paragraph (1)—

(A) in subparagraph (A), by striking "equal to" and
inserting "not exceeding"; and

(B) in subparagraph (B), in the matter preceding clause
(i), by striking "equal to" and inserting not exceeding";
and

(2) in paragraph (2)—

(A) in subparagraph (A), by striking "equal to" and
inserting "not exceeding"; and

(B) in subparagraph (B), in the matter preceding clause
(i), by striking "equal to" and inserting "not exceeding".

SEC. 608. STATUTE OF LIMITATIONS ON PAYMENT OF DISTRIBUTIVE
SHARES.

(a) DISTRIBUTION OF SHARES.—Section 205(c) of the National
Housing Act (12 U.S.C. 1711(c)) is amended by adding at the
end the following two new sentences: "The Secretary shall not
distribute any share to an eligible mortgagor under this subsection
beginning on the date which is 6 years after the date the Secretary
first transmitted written notification of eligibility to the last known
address of the mortgagor, unless the mortgagor has applied in
accordance with procedures prescribed by the Secretary for payment
of the share within the 6-year period. The Secretary shall transfer
any amounts no longer eligible for distribution under the previous
sentence from the Participating Reserve Account to the General
Surplus Account.".

12 use ITU (b) EXCEPTION.—Notwithstanding the 6-year limitation on dis-

tribution of shares of the Participating Reserve Account under
section 205(c) of the National Housing Act, the Secretary shall
distribute a share to an otherwise eligible mortgagor in accordance
with section 205(c), if the mortgagor applies for payment of the
share within 1 year after the date of enactment of this Act in
accordance with procedures in effect on such date.

SEC. 509. MORTGAGE LIMITS FOR MULTIFAMILY PROJECTS.

(a) SECTION 207 LIMITS.—Section 207(cX3) of the National
Housing Act (12 U.S.C. 1713(cX3)) is amended—

(1) by striking "$25,350", "$28,080", "$33,540", "$41,340",
and "$46,800" and inserting "$30,420", "$33,696", "$40,248",
"$49,608", and "$59,160", respectively; and