H.R.2167 - Reverse Mortgage Stabilization Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Heck, Denny [D-WA-10] (Introduced 05/23/2013)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||08/09/2013 Became Public Law No: 113-29. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2167 — 113th Congress (2013-2014)All Information (Except Text)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Reverse Mortgage Stabilization Act of 2013 - Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners, to authorize the Secretary of Housing and Urban Development (HUD) to establish, by notice or mortgagee letter, any additional or alternative requirements determined necessary to improve the fiscal safety and soundness of the reverse mortgage program.
Public Law No: 113-29 (08/09/2013)
Declares that such requirements shall take effect upon issuance.