A resolution expressing the sense of the House of Representatives that the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall delay any enforcement of Due-on-Sale clauses until a date at least thirty days after the receipt by Congress of the Report of the Secretary of Housing and Urban Development.

Summary

Expresses the sense of the House of Representatives that the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall delay any enforcement of due-on-sale clauses until at least 30 days after receipt by Congress of the report of the Secretary of Housing and Urban Development on the effect of such clauses on the assumability of residential mortages.

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

Timeline

1. 1 October 1980

   Introduced

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

   Source: IntroReferral

2. 1 October 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 October 1980

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 1 October 1980

  Open at official source

Sponsors

• Rep. Shumway, Norman D. [R-CA-14] · R · Sponsor
• Rep. Panetta, Leon [D-CA-16] · D · Cosponsor
• Rep. Dannemeyer, William E. [R-CA-39] · R · Cosponsor
• Rep. Rousselot, John H. [R-CA-26] · R · Cosponsor
• Rep. Grisham, Wayne R. [R-CA-33] · R · Cosponsor
• Rep. Lungren, Daniel E. [R-CA-42] · R · Cosponsor
• Rep. Fazio, Vic [D-CA-4] · D · Cosponsor
• Rep. Badham, Robert E. [R-CA-40] · R · Cosponsor
• Rep. Royer, William [R-CA-11] · R · Cosponsor
• Rep. Anderson, Glenn M. [D-CA-32] · D · Cosponsor
• · hsba00 · Standing

Related records

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