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- S.2239
S.2239: FHA Downpayment Simplification Act of 2002
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about government operations and politics
- Introduced April 24, 2002
- Latest Major Action Dec. 4, 2002
Bill Sponsor
Bill Cosponsors
24 (15 Democrats, 10 Republicans)
Bill Summary
FHA Downpayment Simplification Act of 2002 - Amends the National Housing Act to make the existing Federal Home Administration (FHA) single-family downpayment provisions permanent. (Such provisions are to expire at the end of 2002.)Requires an original lender, in conjunction with a FDA insured loan, to provide a prospective borrower with a one-page analysis of other mortgage products for which he or she would qualify, including information...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably.
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Committee on Banking, Housing, and Urban Affairs. Reported by Senator Sarbanes with amendments. Without written report.
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 703.
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Measure laid before Senate by unanimous consent.
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Passed Senate with amendments by Unanimous Consent.
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Message on Senate action sent to the House.
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Received in the House.
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Housing and Community Opportunity.
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Committee on Financial Services discharged.
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Mr. Armey asked unanimous consent to discharge from committee and consider.
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Considered by unanimous consent.
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On passage Passed without objection.
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Motion to reconsider laid on the table Agreed to without objection.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 107-326.
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| April 24, 2002 |
Introduced in the Senate by Paul S. Sarbanes (D-Md.) |