To provide permanent authority for the insurance of home equity conversion mortgages and promote consumer education in connection with such mortgages, and for other purposes.
Senior Citizens Homeownership Protection Act of 1996 - Amends the National Housing Act to convert the senior homeowner home equity conversion mortgage insurance authority from a demonstration to a permanent program.
Revises related consumer education provisions. Obligates funds for counseling and consumer education.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line