Declares it to be the sense of Congress that the Federal Home Loan Bank Board should adopt regulations permitting Federal savings and loan associations to offer Flexible mortgage instruments in states where State-chartered savings and loan associations are permitted to offer such types of mortgages and permits the Board to authorize a similar program in other States. Requires the Board to consider consumer safeguards, the existing competitive environment and the needs of Federal savings and loan associations before adopting such regulations.
Referred to House Committee on Banking, Finance and Urban Affairs.
Introduced in Senate
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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