Sec. 18. GAO Study on FHA loan limits
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/bill/113/s/1376/rs/section-18·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Comptroller General of the United States shall conduct a one-time study to determine the appropriate dollar amount limitation on the maximum original principal obligation of a mortgage that may be insured under title II of the National Housing Act ( 12 U.S.C. 1701 et seq. ). In carrying out the study required under subsection (a), the Comptroller General shall review and make recommendations regarding the appropriate methodology for further adjustments to the dollar amount limitation, including adjustments for inflation, varying home prices across different regions of the United States, and the effects of economic downturns.
Not later than 1 year after the date of enactment of this Act, the Comptroller General shall submit a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on the results of the study conducted pursuant to subsection (a), including its reasons justifying its determination.
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Sec. 18
GAO Study on FHA loan limits
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