HR 5266
101th Congress
House
Housing and Community Development
Insurance premiums
Mortgage guaranty insurance
Revolving funds
FHA Protection and Homeownership Preservation Act of 1990
Introduced: July 13, 1990
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 1990
Referred to the Subcommittee on Housing and Community Development.
Jul 13, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jul 13, 1990
Introduced in House
Plain-English summary
FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value.
Sets forth periodic premium payment schedules.
Limits FHA rebates on unearned premiums.
Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary.
Authorizes periodic mortgage insurance safety premiums.
What's happening now
Referred to the Subcommittee on Housing and Community Development.
Committees of jurisdiction
2