Amendment limits FHA Mortgage Insurance Premiums for first-time homebuyers who complete an approved program with respect to the responsibilities of home ownership.

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Amendment Number
1227
Description
Amendment limits FHA Mortgage Insurance Premiums for first-time homebuyers who complete an approved program with respect to the responsibilities of home ownership.
Purpose
An amendment, printed as amendment No. 70 in the Congressional Record of June 25, 1996, to limit FHA mortgage insurance premium payments to 2.0% of the amount of the original insured principal obligation for first-time hombuyers who complete a financial management counseling program.
Congress
104
Type
HAMDT
Latest Action Date
Jun 26, 1996
Latest Action Text
On agreeing to the Weller amendment (A032) Agreed to by voice vote.
Latest Action Time
21:27:45
Submitted Date
Jun 26, 1996
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 1227 — Informed