A bill to mandate the Secretary of Housing and Urban Development to make assumable certain mortgages and loans insured by the Secretary under titles I and II of the National Housing Act.

Summary

Amends the National Housing Act to direct the Secretary of Housing and Urban Development to provide that certain mortgages and loans insured under such Act shall be assumable by any person who: (1) is creditworthy and financially capable of carrying out the obligations under the mortgage; and (2) meets the eligibility requirements applicable, at the time of the assumption, to the applicable mortgage insurance program.

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Timeline

1. 29 July 1982

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

2. 29 July 1982

   Introduced

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

   Source: IntroReferral

3. 29 July 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 July 1982

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 29 July 1982

  Open at official source

Sponsors

• Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
• Rep. D'Amours, Norman E. [D-NH-1] · D · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• · hsba00 · Standing

Related records

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