HR 2875 · 96th Congress · Housing and Community Development

A bill to exempt loans and mortgages insured under title I or II of the National Housing Act from usury provisions of State constitution or statutes.

Introduced 1979-03-14· Sponsored by Rep. Bethune, Ed [R-AR-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-03-14)

Plain Language Summary

[AI summary unavailable — showing source text] Exempts from State usury laws loans and mortgages insured under the mortgage insurance and housing renovation and modernization programs of the National Housing Act. Declares that such exemption shall apply until the effective date of State legislation limiting the amount of interest on such loans and mortgages.…

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