- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Financial ServicesIntroducedApril 13th, 2010
- house Committees
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Rural Housing Improvement Act of 2010
To increase the loan guarantee fee for rural housing loans guaranteed under section 502(h) of the Housing Act of 1949.
Rural Housing Improvement Act of 2010 - Amends the Housing Act of 1949 and the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act to increase from up to 1% to at least 3% but not more than 4% the guarantee fee on loans for housing and buildings on adequate farms, as determined sufficient by the Secretary of Agriculture to cover the costs of such guaranteed loans. Amends the Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriation Act, 2001 to repeal the maximum limit on the loan guarantee fee of 2%. Amends the Housing Act of 1949 to authorize the Secretary to guarantee such loans in aggregate amounts of up to $8 billion for FY2010, in addition to such guaranteed loans authorized in other Acts for FY2010.