A bill to amend the Home Owners' Loan Act of 1933 to provide that a Federal savings and loan association may not offer a renegotiable rate mortgage to any person unless such institution also offers such person a standard mortgage instrument.

referredUnited States· United States Congress· EN

Introduced

3 January 1983

Last action

—

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Summary

Amends the Home Owners' Loan Act of 1933 to require Federal savings and loan associations to offer a 30 year standard mortgage with an interest rate fixed at the same rate as the original rate of a renegotiable rate mortgage, if such a renegotiable rate mortgage is offered.

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Documents

1 official file

Introduced in House
summary · EN · 3 January 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/291
Open data entity: https://api.congress.gov/v3/bill/98/hr/291