Housing Financial Literacy Act of 2017

Summary

Housing Financial Literacy Act of 2017 This bill amends the National Housing Act to modify the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the maximum premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA.

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Timeline

1. 3 February 2017

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 3 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 February 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 February 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 February 2017

  Open at official source

Sponsors

• Rep. Beatty, Joyce [D-OH-3] · D · Sponsor
• Steve Stivers · R · Sponsor
• Denny Heck · D · Sponsor
• EDDIE JOHNSON · D · Sponsor
• David Scott · D · Sponsor
• JOSE SERRANO · D · Sponsor
• ELIJAH CUMMINGS · D · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Gonzalez, Vicente [D-TX-34] · D · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• G. K. Butterfield · D · Cosponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Cosponsor
• WM. CLAY · D · Cosponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Cosponsor
• Al Lawson · D · Cosponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Cosponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Cosponsor
• JOHN CONYERS · D · Cosponsor
• JOHN LEWIS · D · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• Barbara Lee · D · Cosponsor
• Val Demings · D · Cosponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
• Rep. Cleaver, Emanuel [D-MO-5] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → Housing Financial Literacy Act of 2019
• related to ← Housing Financial Literacy Act of 2015