[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1462 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1462

To amend section 203 of the National Housing Act to reduce the minimum 
   downpayment required for a mortgage on a 1- to 4-family residence 
 located in Alaska, Guam, Hawaii, or the Virgin Islands to be eligible 
                 for mortgage insurance under such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 1993

 Mrs. Mink (for herself, Mr. Abercrombie, Mr. de Lugo, Mr. Underwood, 
   and Mr. Young of Alaska) introduced the following bill; which was 
    referred to the Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend section 203 of the National Housing Act to reduce the minimum 
   downpayment required for a mortgage on a 1- to 4-family residence 
 located in Alaska, Guam, Hawaii, or the Virgin Islands to be eligible 
                 for mortgage insurance under such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That section 
203(b)(2)(B)(iii) of the National Housing Act (12 U.S.C. 
1709(b)(2)(B)(iii)) is amended by inserting after ``(iii)'' the 
following: ``in the case of a property located (I) in Alaska, Guam, 
Hawaii, or the Virgin Islands, 95 percent of such value in excess of 
$125,000, and (II) in any other State,'' .

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