Housing Financial Literacy Act of 2015
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Apr 21, 2015)
Housing Financial Literacy Act of 2015
Amends the National Housing Act to revise the single insurance premium payment for a mortgage (secured by a one- to four-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund) of a first-time homebuyer who completes a program of counseling on the responsibilities and financial management involved in homeownership that is approved by the Secretary of Housing and Urban Development.
Repeals the current maximum premium payment of 2.75% of the amount of the mortgage's original insured principal obligation.
Sets the single mortgage insurance premium payment at 25 basis points lower than the premium payment amount otherwise established.
What just happenedApr 22, 2015
Sponsor introductory remarks on measure. (CR E559)
Who’s behind it
- Introduced in HouseApr 21, 2015
- Apr 22, 2015IntroReferralB00100
Sponsor introductory remarks on measure. (CR E559)
- Apr 21, 2015IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 21, 2015IntroReferralIntro-H
Introduced in House
- Apr 21, 2015IntroReferral1000
Introduced in House