A bill to amend the Housing Act of 1949 to require the Farmers Home Administration to establish escrow procedures that require borrowers to make periodic tax and other payments in connection with their mortgage loan payments and to alleviate the burden of delinquent property tax payments on Farmers Home Administration loans.
Rural Housing Escrow Procedures Act - Amends the Housing Act of 1949 to require the Farmers Home Administration to establish within 60 days escrow procedures that require borrowers to make periodic property tax and related payments.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Housing and Community Development.
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