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United States · Bill · HR

H.R. 3954 (99th)

Economic Development National Mortgage Association Act

referredUnited States· United States Congress· EN

Introduced

16 December 1985

Last action

—

Status

Referred to Subcommittee on Economic Stabilization.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Economic Development National Mortgage Association Act - Establishes the Economic Development National Mortgage Association which is authorized to purchase, make commitments to purchase, hold, deal with, and sell certain kinds of industrial mortgages from any qualified financial institution. Directs the Association to: (1) establish criteria for determining the eligibility of financial institutions to be certified to originate, sell, and service industrial mortgages; and (2) receive applications for certification. Permits the Association to issue and sell securities based upon such mortgages as it may set aside.

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Documents

1 official file

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