A bill to amend the National Housing Act to increase the maximum mortgage amounts insurable in the case of property located in Alaska, Guam, or Hawaii, and to amend section 5(c) of the Home Owners Loan Act of 1933 to authorize an increase in the principal amount of mortgages on properties in Alaska, Guam, and Hawaii to compensate for higher prevailing costs.

referredUnited States· United States Congress· EN

Introduced

16 May 1973

Last action

—

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Summary

Provides, under the National Housing Act, that the Secretary of Housing and Urban Development may increase the maximum mortgage amounts insurable for the construction of dwellings and mobile home courts in Alaska, Guam and Hawaii where cost levels so require by more than 100 percent thereof. Revises the requirements of a mortgage in determining eligibility for insurance under the National Housing Act. Authorizes, under the Home Owners Loan Act, an increase in the principal amount of mortgages on properties in Alaska, Guam and Hawaii. (Amends 12 U.S.C. 1715(d), 1709(b))

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Documents

1 official file

Introduced in Senate
summary · EN · 16 May 1973
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/1834
Open data entity: https://api.congress.gov/v3/bill/93/s/1834