A bill to amend the National Housing Act to prohibit FHA insurance of blanket mortgages in condominium projects, and FNMA purchases of conventional condominium mortgages, where the developer retains or will retain a leasehold interest in the common areas and facilities of the project involved.

referredUnited States· United States Congress· EN

Introduced

27 June 1974

Last action

—

Status

Referred to House Committee on Banking and Currency.

Summary

Revises the National Housing Act to prohibit Federal Housing Administration insurance of blanket mortgages on condominium projects, and Federal National Mortgage Association purchases of conventional condominium mortgages, where the developer retains or will retain a leasehold interest in the common areas and facilities of the project involved.

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Documents

1 official file

Introduced in House
summary · EN · 27 June 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/15663
Open data entity: https://api.congress.gov/v3/bill/93/hr/15663