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- S.3678
S.3678: FHA Emergency Fiscal Solvency Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced Dec. 13, 2012
- Latest Major Action Dec. 13, 2012
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Summary
FHA Emergency Fiscal Solvency Act of 2012 - Amends the National Housing Act (NHA) to direct the Secretary of Housing and Urban Development (HUD) (who currently is authorized) to establish and collect additional annual premium payments for the first 11 years of the term of an insured mortgage in an amount between 0.55% and 2% of the remaining insured principal balance (with certain adjustments) for certain periods. Increases from 1.55% to 2.05%...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| Dec. 13, 2012 |
Introduced in the Senate by Patrick J. Toomey (R-Pa.) |