H.R. 11751 — A bill to authorize the Federal Home Loan Bank Board to allow Federal savings and loan associations to issue reverse annuity mortgage instruments.

Summary

Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.

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Legislative Actions

1978-03-22
Introduced in House
1978-03-22
Introduced in House
1978-03-22
Referred to House Committee on Banking, Finance and Urban Affairs.

A bill to authorize the Federal Home Loan Bank Board to allow Federal savings and loan associations to issue reverse annuity mortgage instruments.

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Summary

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