To permit refinancing of certain loans under the Rural Housing Service program for guaranteed loans for rural housing, and for other purposes.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Rural Homeowners Protection Act of 2009 - Amends the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act and the Housing Act of 1949 to: (1) increase from 1% to 2% the guarantee fee on loans for housing and buildings on adequate farms; and (2) authorize the Secretary of Agriculture to guarantee a loan made to refinance one made by a private lender to an individual to acquire or construct a single-family residence located in a rural area.
Requires the Secretary to charge a guarantee fee for refinancing such a loan at levels necessary, but no higher than needed, to allow such class of loans to be guaranteed without resulting in a need for an appropriation for a credit subsidy.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Moore (KS) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H8971)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2034.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8971)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8971)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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