HRES 393 · 97th Congress · Housing and Community Development
A resolution to express the sense of the House of Representatives that the Federal Government shall take no action to preempt any state law limiting due-on-sale clauses, or any other similar provision.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1982-04-01)
Plain Language Summary
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Expresses the sense of the House of Representatives that: (1) the President should reject the preliminary recommendation of the Commission on Housing for a Federal preemption of State law permitting mortgage assumptions; and (2) neither the President nor Federal agency or department shall take any action to limit the rights of States or the courts to prohibit or impose limits on the use of due-on-sale clauses.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
17 Democrats3 Republicans