legislation: 104-hr-3742
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104-hr-3742 | 104 | hr | 3742 | FHA Single Family Housing Reform Act of 1996 | Housing and Community Development | 1996-06-27 | 1996-07-12 | Referred to the Subcommittee on Housing and Community Opportunity. | House | Rep. Lazio, Rick [R-NY-2] | NY | R | L000155 | 0 | TABLE OF CONTENTS: Title I: Product Flexibility and Insurance Title II: Claims and Property Disposition Reform Initiatives Title III: Streamlining Proposals FHA Single Family Housing Reform Act of 1996 - Title I: Product Flexibility and Insurance - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to establish: (1) alternative mortgage insurance premium structures; and (2) demonstrations of underwriting, premiums, and insurance products to expand home ownership opportunities. Extends Federal Housing Administration mortgage insurance authority. Title II: Claims and Property Disposition Reform Initiatives - Revises single family claims procedures. Title III: Streamlining Proposals - Revises eligibility and warranty provisions. Authorizes: (1) delegation of insuring authority to direct endorsement mortgagees; and (2) use of amounts borrowed from family for downpayments. Revises home equity conversion program provisions with respect to: (1) insurance limitations; and (2) consumer education requirements. Provides 100 percent condominium mortgage insurance for disasters. Repeals authority for Housing Insurance Fund expenditures to correct or compensate for substantial defects in mortgaged homes. | 2025-08-21T20:14:23Z |