HUD Reverse Mortgage Program Protection Act

Summary

HUD Reverse Mortgage Program Protection Act - Amends the National Housing Act with respect to the home equity conversion mortgage program for the elderly to: (1) make the program permanent; (2) remove the participant mortgage ceiling; (3) require adequate consumer education, and full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (4) prohibit excessive referral fees.

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

Timeline

1. 29 April 1997

   Introduced

   Sponsor introductory remarks on measure. (CR E785)

   Source: IntroReferral

2. 29 April 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 April 1997

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

4. 29 April 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 16 May 1997

   Referred

   Referred to the Subcommittee on Housing and Community Opportunity.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 April 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 April 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 April 1997

  Open at official source

Sponsors

• Rep. Brown, George E., Jr. [D-CA-36] · D · Sponsor
• Rep. Filner, Bob [D-CA-51] · D · Sponsor
• Zoe Lofgren · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-8] · D · Sponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Sponsor
• Rep. Capps, Walter [D-CA-22] · D · Sponsor
• Rep. Martinez, Matthew G. [D-CA-30] · D · Cosponsor
• Rep. Sanchez, Loretta [D-CA-46] · D · Cosponsor
• · hsba00 · Standing

Related records

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