S. 469
A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
Sponsor
Sen. Menendez, Robert [D-NJ]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- Senate
- Bill Type
- S
- Bill Number
- 469
- Congress
- 113
- Introduced Date
- Mar 6, 2013
- Policy Area
- Housing and Community Development
- Is Law
- No
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
Source: Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: Senate
Introduced in Senate
Source: Library of Congress
Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage.
Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.
Banking, Housing, and Urban Affairs Committee
Introduced in Senate
Mar 6, 2013