[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 391 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 391

To authorize the Secretary of Housing and Urban Development to continue 
    to insure, and to enter into commitments to insure, home equity 
  conversion mortgages under section 255 of the National Housing Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2007

Mr. Matheson (for himself, Ms. Ginny Brown-Waite of Florida, Mr. Frank 
 of Massachusetts, Mr. Davis of Kentucky, Ms. Waters, and Mr. Gary G. 
Miller of California) introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To authorize the Secretary of Housing and Urban Development to continue 
    to insure, and to enter into commitments to insure, home equity 
  conversion mortgages under section 255 of the National Housing Act.

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

SECTION 1. AUTHORITY TO INSURE HOME EQUITY CONVERSION MORTGAGES.

    The Secretary of Housing and Urban Development may, until the date 
specified in section 106(3) of the Continuing Appropriations 
Resolution, 2007 (Division B of Public Law 109-289; 120 Stat. 1313), 
insure and enter into commitments to insure mortgages under section 255 
of the National Housing Act (12 U.S.C. 1715z-20), without regard to the 
limitation in the first sentence of such section 255(g), as amended by 
section 131 of the Continuing Appropriations Resolution, 2007 (120 
Stat. 1316).
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