HR 3617 · 106th Congress · Housing and Community Development
Consumers' Home Improvement Protection Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Housing and Community Opportunity.(2000-02-18)
Plain Language Summary
[AI summary unavailable — showing source text]
Consumers' Home Improvement Protection Act - Amends the National Housing Act to direct the Secretary of Housing and Urban Development to take the following actions to prevent rehabilitation loan program fraud: (1) prohibit identity of interest of borrowers (including nonprofit organizations), lenders, consultants, real estate agents, inspectors, or appraisers; (2) establish nonprofit organization participation standards; (3) prohibit final loan disbursement until rehabilitation completion; and (4) require consultant certification and contractor qualification (for projects of $25,000 or more). Directs the Secretary report on nonprofit organization program participation.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans