HR 4318 · 99th Congress · Housing and Community Development
Single Family Mortgage Insurance Fraud Detection and Prevention Act of 1986
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Housing and Community Development.(1986-03-05)
Plain Language Summary
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Single Family Mortgage Insurance Fraud Detection and Prevention Act of 1986 - Amends the National Housing Act to direct the Secretary of Housing and Urban Development to take appropriate action to reduce losses under the single family mortgage insurance program, including independent verifications of borrowers' income and credit, appraisals of investor-owned property, and lender data on defaults.…
Summarized by Claude AI · Non-partisan · For informational purposes only