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United States · Bill · HR

H.R. 2869 (97th)

A bill to restrict the Federal National Mortgage Association with respect to its authority to preclude the assumption of mortgages secured by single-family residences.

referredUnited States· United States Congress· EN

Introduced

25 March 1981

Last action

1 April 1981 · Referred

Status

Referred to Subcommittee on Housing and Community Development.

Sponsors

Rep. Stark, Fortney Pete [D-CA-13], Rep. Pepper, Claude [D-FL-18], Rep. Murphy, Austin J. [D-PA-20], Rep. Hutto, Earl [D-FL-1], Rep. Gibbons, Sam [D-FL-11], Rep. Lehman, William [D-FL-17], Rep. Bedell, Berkley W. [D-IA-6], Rep. Matsui, Robert T. [D-CA-5], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Edwards, Don [D-CA-10], Rep. Hughes, William J. [D-NJ-2], Rescom. Corrada, Baltasar [I-PR-At Large]

Subjects

Housing

Source updated

6 February 2024

Housing

Official sourceView documentsShare

Summary

Prohibits the Federal National Mortgage Association, for four years after enactment of this Act, from precluding the assumption of a mortgage on a single-family residence, except on the basis: (1) that the person assuming the mortgage is not creditworthy; or (2) of criteria for the condition of the residence which were used in the original mortgage financing determination. Directs the Secretary of Housing and Urban Development to report to Congress on the number of families who were able to purchase a residence because of this Act, the number of families who could purchase a residence in the future if this prohibition were continued, and the reasons, if any, for discontinuing the prohibition.

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

Timeline

  1. 25 March 1981

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 25 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 1 April 1981

    Referred

    Referred to Subcommittee on Housing and Community Development.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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