A bill to amend section 203 of the National Housing Act for the purpose of extending the repayment period of a mortgage which may be insured under such section.

Summary

Amends the National Housing Act to extend the repayment period of a mortgage which may be insured under such Act from 35 to 45 years in the case of mortgages which are approved for insurance prior to construction and from 30 to 40 years for all mortgages approved after construction has commenced.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 December 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 6 December 1977

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

3. 6 December 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 6 December 1977

  Open at official source

Sponsors

• Rep. Cochran, Thad [R-MS-4] · R · Sponsor
• · hsba00 · Standing

Related records

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