Reverse Mortgage Insurance for Older Americans Act of 1990

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.

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

Timeline

1. 30 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

2. 30 January 1990

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

3. 30 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 February 1990

   Referred

   Referred to the Subcommittee on Housing and Community Development.

   Source: Committee

Votes

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Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 January 1990

  Open at official source

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Sponsors

• Rep. Lloyd, Marilyn [D-TN-3] · D · Sponsor
• Rep. Pallone, Frank [D-NJ-6] · D · Sponsor
• Rep. Price, David E. [D-NC-4] · D · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Rep. Unsoeld, Jolene [D-WA-3] · D · Cosponsor
• · hsba00 · Standing

Related records

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