A bill to amend section 245 of the National Housing Act to exclude graduated payment mortgages from certain restrictions regarding maximum amount of loan.
Homeownership Opportunity Act of 1979 - Amends the National Housing Act to permit the Secretary of Housing and Urban Development to insure a graduated payment mortgage with a principal amount of up to 100 percent of the appraised value of the property involved.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line