A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.
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Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage.
Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 469: A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.. 113th Congress. Open America. https://openamerica.io/bill/113-S-469/
"S. 469: A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-469/.
S. 469, 113th Cong. (2026), https://openamerica.io/bill/113-S-469/.
[S. 469: A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.](https://openamerica.io/bill/113-S-469/)