Housing Financial Literacy Act of 2019

Summary

Housing Financial Literacy Act of 2019 This bill modifies the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA.

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Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 10 July 2019

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• Referred in Senate (PDF)

  Referred in Senate · EN · 10 July 2019

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• Engrossed in House (text)

  Engrossed in House · EN · 9 July 2019

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• Engrossed in House (PDF)

  Engrossed in House · EN · 9 July 2019

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• Passed House

  summary · EN · 9 July 2019

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• Introduced in House (text)

  Introduced in House · EN · 9 April 2019

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• Introduced in House (PDF)

  Introduced in House · EN · 9 April 2019

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• Introduced in House

  summary · EN · 9 April 2019

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