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house Bill H.R. 2167

Reverse Mortgage Stabilization Act of 2013

bill Progress


  • EnactedAugust 9th, 2013
    The President signed this bill into law
  • The senate Passed July 30th, 2013
    Passed by Voice Vote
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
  • The house Passed June 12th, 2013
    Passed by Voice Vote
      house Committees
      House Committee on Financial Services
    IntroducedMay 23rd, 2013

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Bill Details

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Title

Reverse Mortgage Stabilization Act of 2013

Official Title

To authorize the Secretary of Housing and Urban Development to establish additional requirements to improve the fiscal safety and soundness of the home equity conversion mortgage insurance program.

Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Reverse Mortgage Stabilization Act of 2013 - Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners, to authorize the Secretary of Housing and Urban Development (HUD) to establish, by notice or mortgagee letter, any additional or alternative requirements determined necessary to improve the fiscal safety and soundness of the reverse mortgage program. Declares that such requirements shall take effect upon issuance.

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