United States · Bill · S
S. 607 (100th)
A bill to amend the National Housing Act to limit the fees that may be charged by the Government National Mortgage Association for the guaranty of mortgage-backed securities.
Original
Introduced
26 February 1987
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the National Housing Act to limit the Government National Mortgage Association mortgage guarantee fee to six basis points. Sets administrative fees at September 1, 1985, levels, except that they may be increased to cover increased administrative costs.
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/607
- Open data entity: https://api.congress.gov/v3/bill/100/s/607