summary
Introduced
04/29/2021
04/29/2021
In Committee
04/29/2021
04/29/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance pre- mium payments for first-time homebuyers who complete a financial literacy housing counseling program.
AI Summary
This bill, the Housing Financial Literacy Act of 2021, requires the Secretary of Housing and Urban Development (HUD) to discount the Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program before signing a mortgage application or sales agreement. The bill amends the National Housing Act to specify that the mortgage insurance premium payment for these first-time homebuyers will be 25 basis points (0.25%) lower than the premium payment amount established by the Secretary.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 04/29/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/1490/all-info |
| BillText | https://www.congress.gov/117/bills/s1490/BILLS-117s1490is.pdf |
| Bill | https://www.congress.gov/117/bills/s1490/BILLS-117s1490is.pdf.pdf |
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