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Code · BILL · 119th Congress · H.R. 2064 (Introduced in House) — To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance... · Sec. 4

Sec. 4. Financial counseling requirement

75 words·~1 min read·/bill/119/hr/2064/ih/section-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A State or Indian tribe may only provide assistance under this Act to an eligible person if such eligible person, before receiving such assistance, completes a financial counseling program with respect to the responsibilities and financial management of homeownership. The financial counseling program shall be conducted by an entity that provides financial counseling approved by, and in a manner acceptable to— the Secretary; or the Indian tribe or State providing assistance to the eligible person.
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