; or (ii) any other provision of law applicable with respect to the functions of the Department of Housing and Urban Development transferred under section 554; and (B) existed on the day before the date of abolishment under subsection (a). (2) Continuation of suits No action or other proceeding commenced by or against the Secretary of Housing and Urban Development in connection with functions transferred to the FHA under section 554 shall abate by reason of the enactment of this title, except that the FHA shall be substituted for the Secretary as a party to any such action or proceeding. 556. Continuation and coordination of certain actions (a) In general All regulations, orders, and determinations described in subsection (b) shall remain in effect according to the terms of such regulations, orders, and determinations, and shall be enforceable by or against the FHA, until modified, terminated, set aside, or superseded in accordance with applicable law by the FHA, as the case may be, any court of competent jurisdiction, or operation of law. (b) Applicability A regulation, order, or determination is described in this subsection if it— (1) was issued, made, prescribed, or allowed to become effective by— (A) the Secretary of Housing and Urban Development and relates to a function of the Secretary transferred under section 554; or (B) a court of competent jurisdiction, and relates to functions transferred under section 554