HR 5266 · 101th Congress · Housing and Community Development

FHA Protection and Homeownership Preservation Act of 1990

Introduced 1990-07-13· Sponsored by Rep. Vento, Bruce F. [D-MN-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Development.(1990-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value. Sets forth periodic premium payment schedules. Limits FHA rebates on unearned premiums. Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary. Authorizes periodic mortgage insurance safety premiums.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

17 Democrats3 Republicans
Rep. Ridge, Thomas J. [R-PA-21]PA
Rep. Frank, Barney [D-MA-4]MA
Rep. Kleczka, Gerald D. [D-WI-4]WI
Rep. LaFalce, John J. [D-NY-32]NY
Rep. Oakar, Mary Rose [D-OH-20]OH
Rep. Barnard, Doug, Jr. [D-GA-10]GA
Rep. Lehman, Richard H. [D-CA-18]CA
Rep. Nelson, Bill [D-FL-11]FL
Rep. Flake, Floyd H. [D-NY-6]NY
Rep. Saiki, Patricia [R-HI-1]HI
Rep. Price, David E. [D-NC-4]NC
Rep. Pelosi, Nancy [D-CA-5]CA
Rep. Engel, Eliot L. [D-NY-19]NY
Rep. Smith, Lawrence [D-FL-16]FL
Rep. Lowey, Nita M. [D-NY-20]NY
Rep. Lloyd, Marilyn [D-TN-3]TN
Rep. Torricelli, Robert G. [D-NJ-9]NJ
Rep. AuCoin, Les [D-OR-1]OR
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Craig, Larry E. [R-ID-1]ID