II
109th CONGRESS
1st Session
S. 1710
IN THE SENATE OF THE UNITED STATES
September 15, 2005
Mr. Santorum (for himself and Mr. Crapo) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
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.
Short title
This Act may be cited as the
Reverse Mortgages to Help America’s
Seniors Act
.
Elimination of cap on number of mortgages insured
Section 255 of the National Housing Act (12 U.S.C. 1715z–20) is amended—
in subsection (g), by striking the first sentence; and
in subsection
(i)(1)(C), by striking limitations
and inserting
limitation
.