HR 2167 · 113th Congress · Housing and Community Development
Reverse Mortgage Stabilization Act of 2013
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EnactedLatest: Became Public Law No: 113-29.(2013-08-09)
Plain Language Summary
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Reverse Mortgage Stabilization Act of 2013 - Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners, to authorize the Secretary of Housing and Urban Development (HUD) to establish, by notice or mortgagee letter, any additional or alternative requirements determined necessary to improve the fiscal safety and soundness of the reverse mortgage program. Declares that such requirements shall take effect upon issuance.…
Summarized by Claude AI · Non-partisan · For informational purposes only