Amendment111th Congress
Amendment sought to repeal the emergency authority that allows the FHA to insure loans up to $720,000 in certain high cost areas. The amendment also sought to create a maximum loan limit of $500,000 for a single family unit and a percentage of the same ratio for 2-, 3- or 4-family residences.
- Amendment Number
- 688
- Description
- Amendment sought to repeal the emergency authority that allows the FHA to insure loans up to $720,000 in certain high cost areas. The amendment also sought to create a maximum loan limit of $500,000 for a single family unit and a percentage of the same ratio for 2-, 3- or 4-family residences.
- Purpose
- An amendment numbered 9 printed in House Report 111-503 to repeal the emergency authority that allows the FHA to insure loans up to $720,000 in certain high cost areas. The amendment would create a maximum loan limit of $500,000 for a single family unit and a percentage of the same ratio for 2-, 3- or 4-family residences.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Jun 10, 2010
- Latest Action Text
- On agreeing to the Turner amendment (A009) Failed by recorded vote: 121 - 301 (Roll no. 350).
- Latest Action Time
- 13:57:45
- Submitted Date
- Jun 10, 2010
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020