H.R.1313: To establish community support requirements for mortgage banks, and for other purposes.

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about law
  • Introduced March 23, 1995
  • Latest Major Action April 7, 1995

Bill Summary

Mortgage Fairness Act - Requires each mortgage bank to meet the credit needs of all communities in which it makes a significant number of extensions of credit or extends a significant amount of credit, including extensions of credit in low- and moderate-income communities. (Sec. 3) Directs the Secretary of Housing and Urban Development (HUD) to establish within HUD the Office of Mortgage Bank and Insurance Supervision. (Sec. 4) Directs the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
March 23, 1995

Introduced in the House by Maxine Waters (D-Calif.)

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