United States · Bill · S
S. 1430 (100th)
A bill to impose a moratorium on prepayments under section 515 of the Housing Act of 1949.
Introduced
25 June 1987
Last action
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Status
Passed Senate without amendment by Voice Vote.
Sponsors
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Subjects
Discovery layer
Source updated
10 June 2021
Summary
Amends the Housing Act of 1949 to prohibit the Secretary of Agriculture, through January 1, 1988, from accepting any mortgage loan prepayments on rural rental housing unless: (1) a loan was made or insured at least 20 years prior to the date of prepayment; or (2) in the case of a loan made or insured before December 21, 1979, the Secretary determines that comparable housing is available, or that such prepayment will not result in substantial rent increases to existing tenants.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 25 June 1987
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1430
- Open data entity: https://api.congress.gov/v3/bill/100/s/1430