Housing Financial Literacy Act of 2014
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 10, 2014)
Housing Financial Literacy Act of 2014 - Amends the National Housing Act to revise the single insurance premium payment for a mortgage (secured by a one- to four-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund) of a first-time homebuyer who completes a program of counseling on the responsibilities and financial management involved in homeownership that is approved by the Secretary of Housing and Urban Development (HUD).
Repeals the current maximum premium payment of 2.75% of the amount of the mortgage's original insured principal obligation.
Sets the single mortgage insurance premium payment at 25 basis points lower than the premium payment amount otherwise established.
What just happenedApr 10, 2014
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 10, 2014
- Apr 10, 2014IntroReferralH11100
Referred to the House Committee on Financial Services.
- Apr 10, 2014IntroReferralB00100
Sponsor introductory remarks on measure. (CR E570)
- Apr 10, 2014IntroReferralIntro-H
Introduced in House
- Apr 10, 2014IntroReferral1000
Introduced in House