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United States · Bill · S

S. 562 (105th)

Senior Citizen Home Equity Protection Act

openUnited States· United States Congress· EN

Introduced

10 April 1997

Last action

13 November 1997 · Passed

Status

Message on House action received in Senate and at desk:.

Sponsors

Sen. D'Amato, Alfonse [R-NY], Sen. Faircloth, Lauch [R-NC], Sen. Bennett, Robert F. [R-UT], Sen. Sarbanes, Paul S. [D-MD], Sen. Dodd, Christopher J. [D-CT], Sen. Kerry, John F. [D-MA], Sen. Bryan, Richard H. [D-NV], Sen. Boxer, Barbara [D-CA], Sen. Moseley-Braun, Carol [D-IL], Sen. Johnson, Tim [D-SD], Sen. Reed, Jack [D-RI], Sen. Mack, Connie, III [R-FL], Sen. Bond, Christopher S. [R-MO], Sen. Roth Jr., William V. [R-DE], Sen. Chafee, John H. [R-RI], Sen. Thurmond, Strom [R-SC], Sen. Roberts, Pat [R-KS], Sen. Bumpers, Dale [D-AR], Sen. Hatch, Orrin G. [R-UT], Sen. Torricelli, Robert G. [D-NJ], Sen. Reid, Harry [D-NV], Sen. Burns, Conrad R. [R-MT], Sen. Grams, Rod [R-MN], Sen. McCain, John [R-AZ], Sen. Domenici, Pete V. [R-NM], Sen. Helms, Jesse [R-NC], Sen. Coverdell, Paul [R-GA]

Subjects

Housing

Source updated

7 April 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Senior Citizen Home Equity Protection Act - Amends the National Housing Act with respect to home equity conversion mortgages to: (1) require full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (2) provide for imposition of restrictions by the Secretary of Housing and Urban Development to ensure that the mortgagor is not charged for such costs.

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

Timeline

  1. 10 April 1997

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 10 April 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S3057)

    Source: IntroReferral

  3. 10 April 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 25 April 1997

    Floor

    Measure laid before Senate. (consideration: CR S3712-3717)

    Source: Floor

  5. 25 April 1997

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

    Source: Floor

  6. 25 April 1997

    Discharge

    Senate Committee on Banking discharged by Unanimous Consent.

    Source: Discharge

  7. 25 April 1997

    Committee

    Senate Committee on Banking discharged by Unanimous Consent.

    Source: Committee

  8. 28 April 1997

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  9. 28 April 1997

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  10. 28 April 1997

    Floor

    Received in the House.

    Source: Floor

  11. 16 May 1997

    Referred

    Referred to the Subcommittee on Housing and Community Opportunity.

    Source: Committee

  12. 16 September 1997

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

  13. 16 September 1997

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by recorded vote (2/3 required): 422 - 1 (Roll No. 397).

    Source: Floor

  14. 16 September 1997

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  15. 16 September 1997

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by recorded vote (2/3 required): 422 - 1 (Roll No. 397).

    Source: Floor

  16. 16 September 1997

    Floor

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Condit objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.

    Source: Floor

  17. 16 September 1997

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

  18. 16 September 1997

    Floor

    Considered under suspension of the rules. (consideration: CR H7302-7309, H7323-7324)

    Source: Floor

  19. 16 September 1997

    Floor

    Mr. Lazio moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  20. 17 September 1997

    Floor

    Message on House action received in Senate and at desk: House amendments to Senate bill.

    Source: Floor

  21. 9 November 1997

    ResolvingDifferences

    Senate concurred in the House amendments with an amendment (SP 1630) by Unanimous Consent. (consideration: CR S12428-12430)

    Source: ResolvingDifferences

  22. 9 November 1997

    NotUsed

    Resolving differences -- Senate actions: Senate concurred in the House amendments with an amendment (SP 1630) by Unanimous Consent.(consideration: CR S12428-12430)

    Source: NotUsed

  23. 9 November 1997

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

  24. 12 November 1997

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  25. 13 November 1997

    Floor

    Message on House action received in Senate and at desk:.

    Source: Floor

  26. 13 November 1997

    Passed

    House agreed to Senate amendment to House amendments with amendment pursuant to H. Res. 329. (consideration: CR H10884-10886)

    Source: Floor

  27. 13 November 1997

    Passed

    Resolving differences -- House actions: House agreed to Senate amendment to House amendments with amendment pursuant to H. Res. 329.(consideration: CR H10884-10886)

    Source: NotUsed

Votes

No vote records are attached yet.

Versions

Documents

13 official files

Engrossed Amendment House (text)

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Leesvertaling

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  • Engrossed Amendment House (text)

    Engrossed Amendment House · EN · 13 November 1997

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  • Engrossed Amendment House (PDF)

    Engrossed Amendment House · EN · 13 November 1997

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  • House agreed to Senate amendment with amendment

    summary · EN · 13 November 1997

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 9 November 1997

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 9 November 1997

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  • Passed House amended

    summary · EN · 16 September 1997

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  • Referred in House (text)

    Referred in House · EN · 28 April 1997

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  • Referred in House (PDF)

    Referred in House · EN · 28 April 1997

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  • Engrossed in Senate (text)

    Engrossed in Senate · EN · 25 April 1997

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  • Engrossed in Senate (PDF)

    Engrossed in Senate · EN · 25 April 1997

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 10 April 1997

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 10 April 1997

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  • Introduced in Senate

    summary · EN · 10 April 1997

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Sponsors

Related records

Sources

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