Amendment100th Congress
An amendment to provide that, when a borrower defaults on a HUD-insured loan, the lender may receive at least partial HUD insurance benefits on the defaulted loan without first going through foreclosure and conveying the property over to HUD.
- Amendment Number
- 850
- Description
- An amendment to provide that, when a borrower defaults on a HUD-insured loan, the lender may receive at least partial HUD insurance benefits on the defaulted loan without first going through foreclosure and conveying the property over to HUD.
- Congress
- 100
- Type
- HAMDT
- Latest Action Date
- Aug 3, 1988
- Latest Action Text
- Amendment Passed in Committee of the Whole by Voice Vote.
- Submitted Date
- Aug 3, 1988
- Chamber
- House of Representatives
- Update Date
- Aug 14, 2021