US HB1908 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 34-1)
Status: Introduced on April 21 2015 - 25% progression, died in chamber
Action: 2015-04-22 - Sponsor introductory remarks on measure. (CR E559)
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Housing Financial Literacy Act of 2015

Sponsors


History

DateChamberAction
2015-04-22HouseSponsor introductory remarks on measure. (CR E559)
2015-04-21HouseReferred to the House Committee on Financial Services.
2015-04-21HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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