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S.469: A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||housing and community development|
|You can||read the bill|
|Sponsor||Robert Menendez, D-N.J.|
|Total Cosponsors||1 (All Democrats)|
|Introduced||March 6, 2013|
|Latest Major Action||June 18, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the Senate
- Bill passed in the Senate
- Bill passed in the House
- Bill signed into law
Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage.
Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.
(Source: Congressional Research Service)
|June 18, 2013||Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.|
|March 6, 2013||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|