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HR 3234 101th Congress House

Home Mortgage Overcharge Prevention Act of 1989

Official title: To amend the National Housing Act to limit the amount of interest paid by a homebuyer upon the prepayment of a mortgage insured under the Department of Housing… Show full official titleShow less

Official title: To amend the National Housing Act to limit the amount of interest paid by a homebuyer upon the prepayment of a mortgage insured under the Department of Housing and Urban Development single-family mortgage insurance program.

Introduced: October 3, 1989 See on congress.gov
Housing and Community Development Home ownershipHousing financeInterestMortgage loansSingle family housing
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 1989
Referred to the Subcommittee on Housing and Community Development.
Sep 7, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sep 7, 1989
Introduced in House
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 Latest action September 15, 1989

Referred to the Subcommittee on Housing and Community Development.

 Plain-English summary Congressional Research Service

Home Mortgage Overcharge Prevention Act of 1989 - Amends the National Housing Act to limit single family mortgage prepayment interest.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Mfume, Kweisi
Maryland · Oct 3, 1989
 D
Neal, Richard E.
Massachusetts · Oct 3, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3234: Home Mortgage Overcharge Prevention Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3234/
MLA
"H.R. 3234: Home Mortgage Overcharge Prevention Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3234/.
Bluebook (legal)
H.R. 3234, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3234/.
Markdown link
[H.R. 3234: Home Mortgage Overcharge Prevention Act of 1989](https://openamerica.io/bill/101-HR-3234/)
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