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HR 568 IH
110th CONGRESS
1st Session
H. R. 568
To amend section 255 of the National Housing Act to remove the limitation on the number of reverse mortgages that may be insured under the FHA mortgage insurance program for such mortgages.
IN THE HOUSE OF REPRESENTATIVES
January 18, 2007
Mr. MATHESON (for himself, Ms. GINNY BROWN-WAITE of Florida, Mr. FRANK of Massachusetts, Mr. DAVIS of Kentucky, Ms. WATERS, Mrs. BIGGERT, and Mr. GARY G. MILLER of California) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend section 255 of the National Housing Act to remove the limitation on the number of reverse mortgages that may be insured under the FHA mortgage insurance program for such mortgages.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. ELIMINATION OF CAP ON NUMBER OF MORTGAGES INSURED.
Section 255 of the National Housing Act (12 U.S.C. 1715z-20) is amended--
(1) in subsection (g), by striking the first sentence; and
(2) in subsection (i)(1)(C), by striking `limitations' and inserting `limitation'.
U.S. Congress - Text of H.R.568 as Introduced in House Reverse Mortgages to Help America's Seniors Act
