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HR 4462 113th Congress House

Housing Financial Literacy Act of 2014

Official title: To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who compl… Show full official titleShow less

Official title: To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.

Introduced: June 26, 2014 Introduced by: Beatty, Joyce Democratic · Ohio See on congress.gov
Housing and Community Development Financial literacyHousing finance and home ownershipLife, casualty, property insurance
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 10, 2014
Sponsor introductory remarks on measure. (CR E570)
Apr 10, 2014
Introduced in House
Apr 10, 2014
Referred to the House Committee on Financial Services.
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 Latest action April 10, 2014

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Housing Financial Literacy Act of 2014 - Amends the National Housing Act to revise the single insurance premium payment for a mortgage (secured by a one- to four-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund) of a first-time homebuyer who completes a program of counseling on the responsibilities and financial management involved in homeownership that is approved by the Secretary of Housing and Urban Development (HUD).

Repeals the current maximum premium payment of 2.75% of the amount of the mortgage's original insured principal obligation.

Sets the single mortgage insurance premium payment at 25 basis points lower than the premium payment amount otherwise established.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 30
All 30 Democratic 10
Cartwright, Matt
· Sep 10, 2014
 D
Larson, John B.
Connecticut · Jul 10, 2014
Murphy, Patrick
· Jul 10, 2014
Hahn, Janice
· Jul 8, 2014
MCCARTHY, CAROLYN
· Jun 26, 2014
 D
Moore, Gwen
Wisconsin · Jun 26, 2014
 D
Norton, Eleanor Holmes
District of Columbia · Jun 26, 2014
 D
Kaptur, Marcy
Ohio · Apr 29, 2014
 D
Kelly, Robin L.
Illinois · Apr 29, 2014
Cárdenas, Tony
· Apr 10, 2014
CLAY, WM.
· Apr 10, 2014
 D
Connolly, Gerald E.
Virginia · Apr 10, 2014
Edwards, Donna
· Apr 10, 2014
Fudge, Marcia
· Apr 10, 2014
GUTIERREZ, LUIS
· Apr 10, 2014
Heck, Denny
· Apr 10, 2014
HINOJOSA, RUBEN
· Apr 10, 2014
Jackson Lee, Sheila
· Apr 10, 2014
 D
Johnson, Henry C. "Hank"
Georgia · Apr 10, 2014
JOHNSON, EDDIE
· Apr 10, 2014
Lee, Barbara
· Apr 10, 2014
MALONEY, CAROLYN
· Apr 10, 2014
 D
Meeks, Gregory W.
New York · Apr 10, 2014
RANGEL, CHARLES
· Apr 10, 2014
RYAN, TIM
· Apr 10, 2014
 D
Sánchez, Linda T.
California · Apr 10, 2014
 D
Sewell, Terri A.
Alabama · Apr 10, 2014
Stivers, Steve
· Apr 10, 2014
 D
Swalwell, Eric
California · Apr 10, 2014
 D
Waters, Maxine
California · Apr 10, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4462: Housing Financial Literacy Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4462/
MLA
"H.R. 4462: Housing Financial Literacy Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4462/.
Bluebook (legal)
H.R. 4462, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4462/.
Markdown link
[H.R. 4462: Housing Financial Literacy Act of 2014](https://openamerica.io/bill/113-HR-4462/)
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