Amendment112th Congress
Amendment sought to make it a violation for a lender, whose only interest in the property is the amount of the outstanding mortgage indebtedness, to require a homeowner to purchase more than the legally required amount of flood insurance--an amount equal to the outstanding principal balance of the loan.
- Amendment Number
- 615
- Description
- Amendment sought to make it a violation for a lender, whose only interest in the property is the amount of the outstanding mortgage indebtedness, to require a homeowner to purchase more than the legally required amount of flood insurance--an amount equal to the outstanding principal balance of the loan.
- Purpose
- An amendment numbered 3 printed in House Report 112-138 to make it a violation for a lender, whose only interest in the property is the amount of the outstanding mortgage indebtedness, to require a homeowner to purchase more than the legally required amount of flood insurance--an amount equal to the outstanding principal balance of the loan.
- Congress
- 112
- Type
- HAMDT
- Latest Action Date
- Jul 12, 2011
- Latest Action Text
- On agreeing to the Speier amendment (A003) Failed by recorded vote: 195 - 230 (Roll no. 554).
- Latest Action Time
- 17:30:59
- Submitted Date
- Jul 12, 2011
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022