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- H.R.5506
H.R.5506: Home Improvement Loan Modernization Act of 2014
About This Bill
- Introduced Sept. 17, 2014
- Latest Major Action Sept. 17, 2014
Bill Sponsor
Bill Cosponsor
Bill Summary
Home Improvement Loan Modernization Act of 2014 - Amends the National Housing Act to specify the premium charge paid by a financial institution to insure any loan, advance of credit, or purchase of obligations representing loans and advances of credit it makes to finance certain home improvements for both existing single-family and multifamily structures. Sets the initial premium at 2.75% of the original insured principal obligation, with...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Sept. 17, 2014 |
Referred to the House Committee on Financial Services.
|
| Sept. 17, 2014 |
Introduced in the House by Jared Huffman (D-Calif.) |