HR 3617 · 106th Congress · Housing and Community Development

Consumers' Home Improvement Protection Act

Introduced 2000-02-10· Sponsored by Rep. Lazio, Rick [R-NY-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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