[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2892 Engrossed in House (EH)]


  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
109th CONGRESS
  1st Session
                                H. R. 2892

_______________________________________________________________________

                                 AN ACT


 
    To amend section 255 of the National Housing Act to remove the 
limitation on the number of reverse mortgages that may be insured under 
         the FHA mortgage insurance program for such mortgages.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Reverse Mortgages to Help America's 
Seniors Act''.

SEC. 2. ELIMINATION OF CAP ON NUMBER OF MORTGAGES INSURED.

    Section 255 of the National Housing Act (12 U.S.C. 1715z-20) is 
amended--
            (1) in subsection (g), by striking the first sentence; and
            (2) in subsection (i)(1)(C), by striking ``limitations'' 
        and inserting ``limitation''.

            Passed the House of Representatives December 14, 2005.

            Attest:

                                                                 Clerk.
109th CONGRESS

  1st Session

                               H. R. 2892

_______________________________________________________________________

                                 AN ACT

    To amend section 255 of the National Housing Act to remove the 
limitation on the number of reverse mortgages that may be insured under 
         the FHA mortgage insurance program for such mortgages.