H.R.2034 - Rural Homeowners Protection Act of 2009

To permit refinancing of certain loans under the Rural Housing Service program for guaranteed loans for rural housing, and for other purposes. view all titles (3)

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All Bill Titles

  • Official: To permit refinancing of certain loans under the Rural Housing Service program for guaranteed loans for rural housing, and for other purposes. as introduced.
  • Short: Rural Homeowners Protection Act of 2009 as introduced.
  • Short: Rural Homeowners Protection Act of 2009 as passed house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
04/21/09
 
07/29/09
 
 
 
 
 

Official Bill Text Comment on about 2 Pages

Official Summary

7/29/2009--Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Rural Homeowners Protection Act of 2009 - Amends the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act and the Housing Act
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Official Summary

7/29/2009--Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Rural Homeowners Protection Act of 2009 - Amends the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act and the Housing Act of 1949 to:
(1) increase from 1% to 2% the guarantee fee on loans for housing and buildings on adequate farms; and
(2) authorize the Secretary of Agriculture to guarantee a loan made to refinance one made by a private lender to an individual to acquire or construct a single-family residence located in a rural area. Requires the Secretary to charge a guarantee fee for refinancing such a loan at levels necessary, but no higher than needed, to allow such class of loans to be guaranteed without resulting in a need for an appropriation for a credit subsidy.

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