Public Law 113-29. Reverse Mortgage Stabilization Act of 2013
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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.Aug. 9, 2013[[H.R. 2167](/us/bill/113/hr/2167)] * Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* Reverse Mortgage Stabilization Act of 2013.[12 USC 1701 note](/us/usc/t12/s1701). ## 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)](/us/usc/t12/s1715z–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.
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U.S. Code
statutes-at-large
- Public Law 113–28To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to convene the Advisory Committee on Improving Postsecondary Education Data to conduct a study on improvements to postsecondary education transparen
- Public Law 113–29To 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
register
bill
- Sec. 1115Stabilizing the HECM program
- Sec. 1208Consolidation and standardization of reporting requirements relating to security cooperation authorities
- Sec. 711Consumer Law Enforcement Agency
- Sec. 711Consumer Law Enforcement Agency
- Sec. 711Consumer Law Enforcement Agency
- Sec. 2Consumer Financial Empowerment Agency
- Sec. 2Consumer Financial Empowerment Agency
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U.S. Code
1 reference not yet in our index
- 12 USC 1715z–20(h)
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Public Law 113-29
Reverse Mortgage Stabilization Act of 2013
Fed. Reg.×11
Bills×9
Stat.×3
U.S.C.×3
Cite12 USC 1715z–20(h)
Cites 2Cited by 26 across 4 sources