[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2892 Placed on Calendar Senate (PCS)]
Calendar No. 351
109th CONGRESS
1st Session
H. R. 2892
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
December 15, 2005
Received and read the first time
December 16, 2005
Read the second time and placed on the calendar
_______________________________________________________________________
AN ACT
To amend section 255 of the National Housing Act to remove the
limitation on the number of reverse mortgages that may be insured under
the FHA mortgage insurance program for such mortgages.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Reverse Mortgages to Help America's
Seniors Act''.
SEC. 2. ELIMINATION OF CAP ON NUMBER OF MORTGAGES INSURED.
Section 255 of the National Housing Act (12 U.S.C. 1715z-20) is
amended--
(1) in subsection (g), by striking the first sentence; and
(2) in subsection (i)(1)(C), by striking ``limitations''
and inserting ``limitation''.
Passed the House of Representatives December 14, 2005.
Attest:
KAREN L. HAAS,
Clerk.
Calendar No. 351
109th CONGRESS
1st Session
H. R. 2892
_______________________________________________________________________
AN ACT
To amend section 255 of the National Housing Act to remove the
limitation on the number of reverse mortgages that may be insured under
the FHA mortgage insurance program for such mortgages.
_______________________________________________________________________
December 16, 2005
Read the second time and placed on the calendar