HR 1474
105th Congress
House
Housing and Community Development
Administrative procedure
Commerce
Consumer education
Department of Housing and Urban Development
Economics and Public Finance
Estate planning
Federal aid to housing
Federally-guaranteed loans
Fees
Finance and Financial Sector
Financial services
Government Operations and Politics
Home equity conversion
Housing for the aged
Law
Mortgage guaranty insurance
Social Welfare
HUD Reverse Mortgage Program Protection Act
Introduced: April 29, 1997
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 1997
Referred to the Subcommittee on Housing and Community Opportunity.
Apr 29, 1997
Referred to the House Committee on Banking and Financial Services.
Apr 29, 1997
Sponsor introductory remarks on measure. (CR E785)
Apr 29, 1997
Introduced in House
Plain-English summary
HUD Reverse Mortgage Program Protection Act - Amends the National Housing Act with respect to the home equity conversion mortgage program for the elderly to: (1) make the program permanent; (2) remove the participant mortgage ceiling; (3) require adequate consumer education, and full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (4) prohibit excessive referral fees.
What's happening now
Referred to the Subcommittee on Housing and Community Opportunity.
Committees of jurisdiction
2
Cosponsors
1