[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1710 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 1710

    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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 15, 2005

Mr. Santorum (for himself and Mr. Crapo) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    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''.
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