S 1734 · 94th Congress · Finance and Financial Sector

A bill to prohibit the Federal Home Loan Bank Board from permitting Federal savings and loan associations to offer variable interest rate mortgages unless authorized by law.

Introduced 1975-05-14· Sponsored by Sen. Proxmire, William [D-WI]· 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.(1975-05-14)

Plain Language Summary

[AI summary unavailable — showing source text] Prohibits the Federal Home Loan Bank Board from permitting Federal savings and loan associations to offer variable interest rates mortgages (secured by one to four family homes or dwelling units) unless authorized by law.…

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