A bill to provide that the recent action taken by the Federal Housing Commissioner in abolishing the adjusted premium charge imposed by section 203(c) of the National Housing Act shall be effective with respect to certain mortgage prepayments occurring on or after March 1, 1972.

Provides that the abolishment of the adjusted premium charge in mortgages covering multifamily housing projects be effective with respect to any prepayments made on or after March 1, 1972.

Provides for refunds to any mortgagee required to pay the adjusted premium charge on or after such date.