S. 1737 — A bill to amend the National Housing Act with respect to the reverse mortgage program and housing cooperatives.

Summary

Amends the National Housing Act to include residential cooperative housing first mortgages and first liens within the program of insuring home equity conversion mortgages for elderly homeowners. Defines "first mortgage."

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Legislative Actions

1999-10-15
Introduced in Senate
1999-10-15
Read twice and referred to the Committee on Banking.

A bill to amend the National Housing Act with respect to the reverse mortgage program and housing cooperatives.

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Summary

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Legislative Actions

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