Emergency Homeowners Relief Act of 1983

Summary

Emergency Homeowners' Relief Act of 1983 - Extends the expiration date of the Emergency Homeowners' Relief Act. Increases the amount of emergency mortgage relief assistance that may be provided to an individual and the aggregate amount of emergency loans or advances that may be insured under such Act. Directs the Secretary of Housing and Urban Development to provide assistance under such Act when, for three consecutive months, the amount of delinquent mortgage loans exceeds a specified percentage of the amount of all loans accounted for in the mortgage delinquency series maintained by the Federal Home Loan Bank Board. Provides for the discontinuation and reinstitution of such assistance program depending on such delinquency rate condition.

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1 official file

• Introduced in House

  summary · EN · 14 February 1983

  Open at official source

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