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United States · Bill · HR

H.R. 4728 (97th)

A bill to amend the Federal Reserve Act to provide that the enforceability of due-on-sale clauses contained in fixed-rate real estate loans made by national banking associations shall be determined under State Law.

referredUnited States· United States Congress· EN

Introduced

7 October 1981

Last action

5 November 1981 · Referred

Status

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

Sponsors

Rep. Weber, Vin [R-MN-2], Rep. Roberts, Clint [R-SD-2], Sen. Daschle, Thomas A. [D-SD], Rep. Duncan, John J. [R-TN-2], Rep. Stangeland, Arlan [R-MN-7], Rep. Walgren, Doug [D-PA-18], Rep. Smith, Joseph F. [D-PA-3], Rep. Siljander, Mark D. [R-MI-4], Rep. McHugh, Matthew F. [D-NY-27], Rep. Lee, Gary A. [R-NY-33], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Mottl, Ronald M. [D-OH-23], Rep. Dyson, Roy [D-MD-1], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Gunderson, Steve [R-WI-3], Rep. Gejdenson, Sam [D-CT-2], Rep. Erdahl, Arlen [R-MN-1], Rep. McDade, Joseph M. [R-PA-10], Sen. Trible, Paul S., Jr. [R-VA], Rep. Whitehurst, G. William [R-VA-2], Rep. Lent, Norman F. [R-NY-4], Rep. Howard, James J. [D-NJ-3], Rep. Holt, Marjorie S. [R-MD-4], Rep. LeBoutillier, John [R-NY-6], Rep. Hutto, Earl [D-FL-1], Rep. Hughes, William J. [D-NJ-2], Rep. Jeffries, Jim [R-KS-2], Rep. Butler, M. Caldwell [R-VA-6], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Bedell, Berkley W. [D-IA-6], Rep. Roe, Robert A. [D-NJ-8], Rep. Solomon, Gerald B. H. [R-NY-24], Rep. Badham, Robert E. [R-CA-40], Rep. Evans, Billy Lee [D-GA-8], Rep. Sawyer, Harold S. [R-MI-5], Rep. Daub, Hal [R-NE-2]

Subjects

Housing

Source updated

6 February 2024

Housing

Official sourceView documentsShare

Summary

Amends the Federal Reserve Act to declare that the enforceability in any State of any due-on-sale clause contained in any fixed-rate real estate loan made or purchased by any national banking association shall be determined under the law of such State.

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

Timeline

  1. 7 October 1981

    Introduced

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

    Source: IntroReferral

  2. 7 October 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 October 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 November 1981

    Referred

    Referred to Subcommittee on Consumer Affairs and Coinage.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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