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United States · Bill · HR

H.R. 2771 (100th)

A bill to impose a moratorium on prepayments under section 515 of the Housing Act of 1949.

referredUnited States· United States Congress· EN

Introduced

24 June 1987

Last action

—

Status

Referred to Subcommittee on Housing and Community Development.

Sponsors

—

Subjects

Discovery layer

Source updated

6 February 2024

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Summary

Amends the Housing Act of 1949 to prohibit the Secretary of Agriculture, through January 1, 1988, from accepting any mortgage loan prepayments on rural rental housing unless: (1) a loan was made or insured at least 20 years prior to the date of prepayment; or (2) in the case of a loan made or insured before December 21, 1979, the Secretary determines that comparable housing is available, or that such prepayment will not result in substantial rent increases to existing tenants.

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Documents

1 official file

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