S 3679 · 94th Congress · Housing and Community Development
A bill to amend title V of the Housing Act of 1949 to require the Secretary of Agriculture to provide for the establishment of escrow accounts for taxes and insurance by borrowers under that title.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1976-07-20)
Plain Language Summary
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Amends the Housing Act of 1949 to make family corporations eligible for farm ownership loans under the Farmers Home Program. Requires the Secretary of Agriculture to set up escrow accounts in connection with rural housing loans for the purpose of prepaying taxes and insurance.…
Summarized by Claude AI · Non-partisan · For informational purposes only