[United States Statutes at Large, Volume 127, 113th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 113-29
113th Congress

An Act


 
To authorize the Secretary of Housing and Urban Development to establish
additional requirements to improve the fiscal safety and soundness of
the home equity conversion mortgage insurance program. <>

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 Mortgage Stabilization Act of
2013''.
SEC. 2. ADDITIONAL SAFETY AND SOUNDNESS REQUIREMENTS FOR HOME
EQUITY CONVERSION MORTGAGE INSURANCE PROGRAM.

Subsection (h) of section 255 of the National Housing Act (12 U.S.C.
1715z-20(h)) is amended--
(1) in paragraph (1), by striking ``and'' at the end;
(2) in paragraph (2), by striking the period at the end and
inserting ``; and''; and
(3) by adding at the end the following new paragraph:
``(3) establish, by notice or mortgagee letter, any
additional or alternative requirements that the Secretary, in
the Secretary's discretion, determines are necessary to improve
the fiscal safety and soundness of the program authorized by
this section, which requirements shall take effect upon
issuance.''.

Approved August 9, 2013.

LEGISLATIVE HISTORY--H.R. 2167:
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CONGRESSIONAL RECORD, Vol. 159 (2013):
June 12, considered and passed House.
July 30, considered and passed Senate.