S.376 - Real Estate Mortgage Investment Conduit Improvement Act of 2009

A bill to provide rules for the modification or disposition of certain assets by real estate mortgage investment conduits pursuant to division A of the Emergency Economic Stabilization Act of 2008, and for other purposes. view all titles (2)

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All Bill Titles

  • Official: A bill to provide rules for the modification or disposition of certain assets by real estate mortgage investment conduits pursuant to division A of the Emergency Economic Stabilization Act of 2008, and for other purposes. as introduced.
  • Short: Real Estate Mortgage Investment Conduit Improvement Act of 2009 as introduced.

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02/03/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 6 Pages

Official Summary

2/4/2009--Introduced.Real Estate Mortgage Investment Conduit Improvement Act of 2009 - Establishes special rules for modification or disposition of a troubled asset (qualified mortgages or foreclosure property) under the Troubled Asset Relief Program (TARP) by real estate mortgage investme
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Official Summary

2/4/2009--Introduced.Real Estate Mortgage Investment Conduit Improvement Act of 2009 - Establishes special rules for modification or disposition of a troubled asset (qualified mortgages or foreclosure property) under the Troubled Asset Relief Program (TARP) by real estate mortgage investment conduits (REMICs). Declares that:
(1) such a modification or disposition shall not be treated as a prohibited transaction under the Internal Revenue Code;
(2) an interest in the REMIC shall not fail to be treated as a regular interest solely because of such modification or disposition; and
(3) any proceeds resulting from such modification or disposition shall be treated as amounts received under qualified mortgages. Specifies terms of the instruments governing the conduct of servicers or trustees with respect to qualified mortgages which shall terminates a REMIC. Directs the Secretary of the Treasury to establish and implement a home mortgage loan relief program under TARP.

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02/27/11
H.R.828: Federal Employee Tax Accountability Act of 2011 - U.S. ...

Related Bills. S.376 A bill to amend title 5, United States Code, to provide that perso...IntroducedFeb 17, 201113 views ... OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a m

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02/16/11
S.376: A bill to amend title 5, United States Code, to provide ...

Official government data, breaking news and blog coverage, public comments and user community for S.376 A bill to amend title 5, United States Code, to provide that persons having seriously delinquent tax debts shall be ineligible for Federal employment. .

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12/30/10
Kein Prosit ohne Speckwürfelchen - Party harder!

... einige Minuten ins Freie gehen, tief und gut durchatmen, um neuen Sauerstoff aufzunehmen... Den Heimweg könnte man zu Fuß antreten..." Auszug aus: Das Hausfrauen-Magazin. Ihre heimliche Freundin. Universal: Graz, Wien 1959. S. 376. ...

Source: Le Véro
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