usc 12 § 5585
Incidental transfers (BANKS AND BANKING (12 U.S.C.))
Operative Text
The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title, as the Director may determine necessary to accomplish the purposes of this title. The authority provided in this section shall terminate 5 years after .
Under 12 U.S.C. § 5585, the Director of the Office of Management and Budget, working in consultation with the relevant Secretary, holds authority to carry out supplemental transfers and dispositions of assets and liabilities that are connected to functions moved under the applicable title. This provision serves as a catch-all mechanism to ensure that any assets or liabilities not explicitly addressed in the primary transfer provisions can still be properly reallocated. The authority granted by this section is time-limited, expiring five years after the triggering date established by the statute.
Plain English — not legal advice.
While 12 U.S.C. § 5585 primarily governs federal agency restructuring rather than landlord-tenant relationships directly, property owners and managers operating under programs administered by agencies affected by these transfers should be aware that the oversight and regulatory authority governing their programs may shift as a result of incidental asset and liability transfers authorized here. Compliant operators generally monitor communications from relevant federal agencies to understand which office now holds authority over their program agreements or obligations. Staying current with agency announcements during the five-year window described in § 5585 helps ensure that compliance obligations are directed to the correct federal counterpart.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Tenants participating in federally administered housing programs should be aware that 12 U.S.C. § 5585 authorizes supplemental transfers of assets and liabilities between federal agencies, which can affect which agency or office oversees the program providing their housing assistance. If a tenant notices a change in the administering agency for their rental assistance or housing program, they may wish to contact a tenant-rights organization or HUD's office to understand how any such transfer under § 5585 affects their benefits or protections. General enforcement paths, such as filing inquiries with the relevant federal agency or raising concerns through a local housing authority, remain available during the five-year authority period established by this provision.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 13, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
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