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- S.1490
S.1490: Housing Financial Literacy Act of 2021
About This Bill
- This bill was introduced in the 117th Congress
- This bill is primarily about finance and financial sector
- Introduced April 29, 2021
- Latest Major Action April 29, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - April 29, 2021
Bill Summary
Housing Financial Literacy Act of 2021 This bill modifies the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 29, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 29, 2021 |
Introduced in the Senate by Gary Peters (D-Mich.) |