United States · Bill · HR
H.R. 3912 (101st)
Reverse Mortgage Insurance for Older Americans Act of 1990
Introduced
30 January 1990
Last action
—
Status
Referred to the Subcommittee on Housing and Community Development.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Reverse Mortgage Insurance for Older Americans Act of 1990 - Amends the National Housing Act with regard to the elderly homeowner equity conversion mortgage program to: (1) increase the total number of insured mortgages; (2) set forth various reverse mortgage options; (3) permit the mortgagor to convert payment methods during the term of the mortgage; (4) limit mortgagor liability; and (5) require certain disclosures by the mortgagee regarding mortgagor liability and total mortgage cost.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 30 January 1990
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/3912
- Open data entity: https://api.congress.gov/v3/bill/101/hr/3912