Concurrent resolution expressing the sense of the Congress that the Federal Home Loan Bank Board should authorize the use of a wide variety of mortgage instruments.

Summary

Declares it the sense of Congress that the Federal Home Loan Bank Board should adopt regulations permitting Federal savings and loan associations to offer flexible mortgage instruments in states where State-chartered savings and loan associations are permitted to offer such types of mortgages and permits the Board to authorize a similar program in other States. Requires the Board to consider consumer safeguards, the existing competitive environment and the needs of Federal savings and loan associations before adopting such regulations.

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Timeline

1. 13 July 1977

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 13 July 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 July 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 13 July 1977

  Open at official source

Sponsors

• Rep. Patterson, Jerry M. [D-CA-38] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← A concurrent resolution relating to mortgage instruments.