S 469
113th Congress
Senate
Housing and Community Development
Housing finance and home ownership
Housing for the elderly and disabled
Residential rehabilitation and home repair
A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.
Introduced: March 6, 2013
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2013
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
Mar 6, 2013
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 6, 2013
Introduced in Senate
Plain-English summary
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.
What's happening now
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
Committees of jurisdiction
2
Cosponsors
1