A bill to amend the Home Owners' Loan Act of 1933 to provide that a Federal savings and loan association may not offer a renegotiable rate mortgage to any person unless such association also offers such person a standard mortgage instrument.

Amends the Home Owners' Loan Act of 1933 to require Federal savings and loan associations to offer a 30 year standard mortgage with an interest rate fixed at the same rate as the original rate of a renegotiable rate mortgage, if such a renegotiable rate mortgage is offered.