Amendment111th Congress
Amendment requires HUD to submit an annual report to Congress discussing proposed or actual increases in the minimum cash investment requirements (downpayment requirements) in the FHA program and further gives HUD the authority to establish higher minimum cash investment requirements for all or class(es) of borrowers and requires HUD to take into consideration the findings of the annual report.
- Amendment Number
- 683
- Description
- Amendment requires HUD to submit an annual report to Congress discussing proposed or actual increases in the minimum cash investment requirements (downpayment requirements) in the FHA program and further gives HUD the authority to establish higher minimum cash investment requirements for all or class(es) of borrowers and requires HUD to take into consideration the findings of the annual report.
- Purpose
- An amendment numbered 4 printed in House Report 111-503 to require HUD to submit an annual report to Congress discussing proposed or actual increases in the minimum cash investment requirements (downpayment requirements) in the FHA program. It further gives HUD the authority to establish higher minimum cash investment requirements for all or class(es) of borrowers and requires HUD to take into consideration the findings of the annual report.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Jun 10, 2010
- Latest Action Text
- On agreeing to the Bean amendment (A004) Agreed to by voice vote.
- Latest Action Time
- 11:49:52
- Submitted Date
- Jun 10, 2010
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020