S 4199 · 93th Congress · Finance and Financial Sector

Housing Securities Act

Introduced 1974-12-03· Sponsored by Sen. Sparkman, John J. [D-AL]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-12-03)

Plain Language Summary

[AI summary unavailable — showing source text] Housing Securities Act - Exempts from the provisions of the Securities Act of 1933 those sales of securities where the transactions involve offers or sales of one or more promissory notes directly secured by a first lien on a single parcel of real estate upon which a residential or commercial structure is located, and which meets the conditions set forth in this Act.…

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