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HR 3912 101th Congress House

Reverse Mortgage Insurance for Older Americans Act of 1990

Official title: To amend the National Housing Act to expand the demonstration program of insurance of home equity conversion mortgages for elderly homeowners.

Introduced: January 30, 1990 See on congress.gov
Housing and Community Development Home equity conversionHome ownershipHousing for the agedMortgage guaranty insurance
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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
Feb 15, 1990
Referred to the Subcommittee on Housing and Community Development.
Jan 30, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jan 30, 1990
Introduced in House
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 Latest action February 15, 1990

Referred to the Subcommittee on Housing and Community Development.

 Plain-English summary Congressional Research Service

Reverse Mortgage Insurance for Older Americans Act of 1990 - Amends the National Housing Act with regard to the elderly homeowner equity conversion mortgage program to: (1) increase the total number of insured mortgages; (2) set forth various reverse mortgage options; (3) permit the mortgagor to convert payment methods during the term of the mortgage; (4) limit mortgagor liability; and (5) require certain disclosures by the mortgagee regarding mortgagor liability and total mortgage cost.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Pallone, Frank
New Jersey · Jan 30, 1990
 D
Schumer, Charles E.
New York · Jan 30, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3912: Reverse Mortgage Insurance for Older Americans Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3912/
MLA
"H.R. 3912: Reverse Mortgage Insurance for Older Americans Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3912/.
Bluebook (legal)
H.R. 3912, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3912/.
Markdown link
[H.R. 3912: Reverse Mortgage Insurance for Older Americans Act of 1990](https://openamerica.io/bill/101-HR-3912/)
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