A bill to amend the Home Owners' Loan Act of 1933 to provide that a Federal savings and loan association may not offer a renegotiable rate mortgage to any person unless such association also offers such person a standard mortgage instrument.

Summary

Amends the Home Owners' Loan Act of 1933 to require Federal savings and loan associations to offer a 30 year standard mortgage with an interest rate fixed at the same rate as a renegotiable rate mortgage, if such a renegotiable rate mortgage is offered.

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

Timeline

1. 30 April 1980

   Introduced

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

   Source: IntroReferral

2. 30 April 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 April 1980

   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 · 30 April 1980

  Open at official source

Sponsors

• Rep. Mottl, Ronald M. [D-OH-23] · D · Sponsor
• Rep. Murphy, Austin J. [D-PA-22] · D · Cosponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Cosponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
• Rep. Yatron, Gus [D-PA-6] · D · Cosponsor
• · hsba00 · Standing

Related records

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