United States · Amendment · HAMDT
HAMDT 744 (97th)
A substitute amendment. The amendment strikes all after the enacting clause and substitutes a text dealing with treatment of FHA single family mortgage insurance premiums. The amendment provides for paying the full insurance premium for mortgages at the time the mortgage is purchased. The increase in initial outlay by the purchaser is to be excluded from calculation of FHA's mortgage limits. Also, if the mortgage is paid off prior to its due date a prorated rebate on the premium is to be paid to the original purchaser. And, these provisions are not to be implemented unless they are found to be actuarially sound.
Introduced
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Last action
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Status
Amendment Passed (Amended) in Committee of the Whole by Recorded Vote: 337 - 69 (Record Vote No: 246).
Sponsors
Rep. Stanton, J. William [R-OH-11]
Subjects
Discovery layer
Source updated
14 August 2021
Records
Official amendment HAMDT 744 (97th) from United States at United States Congress. Status: Amendment Passed (Amended) in Committee of the Whole by Recorded Vote: 337 - 69 (Record Vote No: 246)..
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Sponsors
- Rep. Stanton, J. William [R-OH-11] · R · Sponsor
Related records
- amends → Salaries and Expenses Limitation Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/amendment/97th-congress/hamdt-744
- Open data entity: https://api.congress.gov/v3/amendment/97/hamdt/744
- us · 97-hamdt-744 · source updated 14 August 2021