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.

referredUnited States· United States Congress· EN

Introduced

29 July 1982

Last action

—

Status

Referred to Subcommittee on Housing and Community Development.

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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Documents

1 official file

Introduced in House
summary · EN · 29 July 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/6899
Open data entity: https://api.congress.gov/v3/bill/97/hr/6899