FHA Seller-Financed Downpayment Reform Act of 2009

Summary

Official

FHA Seller-Financed Downpayment Reform Act of 2009 - Amends the National Housing Act to make exceptions to the prohibition against mortgage insurance for mortgages involving a downpayment using funds furnished by: (1) the seller or any party that benefits financially from the transaction (seller-financed downpayment); or (2) any third party that is reimbursed by the seller or any such...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/16/09)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Green

House (D) Texas – 9

Cosponsors (20)

JOHNSON

(D) TX

CAPUANO

(D) MA

LEE

(D) CA

MILLER

(R) CA

Waters

House (D) California

Clarke

House (D) New York

MALONEY

(D) NY

BACA

(D) CA

Sires

(D) NJ

Scott

House (D) Virginia

Topics

Government Spending & Operations

Business & Finance

Law & The Judicial System

Latest Action

Referred to the House Committee on Financial Services.

Jan 16, 2009

View Bill on Congress.gov