Sec. 402. FHA GUARANTEE FEES
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## SEC. 402 FHA GUARANTEE FEES ###
(a)Amendment Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended by adding at the end the following: > > ##### “(C) > > > ######
(i)> > In addition to the premiums under subparagraphs
(A)and (B), the Secretary shall establish and collect annual premium payments for any mortgage for which the Secretary collects an annual premium payment under subparagraph (B), in an amount described in clause (ii). > > > ###### “(ii) > > > ######
(I)> > Subject to subclause (II), with respect to a mortgage, the amount described in this clause is 10 basis points of the remaining insured principal balance (excluding the portion of the remaining balance attributable to the premium collected under subparagraph
(A)and without taking into account delinquent payments or prepayments). > > > ###### “(II) > > During the 2-year period beginning on the date of enactment of this subparagraph, the Secretary shall increase the number of basis points of the annual premium payment collected under this subparagraph incrementally, as determined appropriate by the Secretary, until the number of basis points of the annual premium payment collected under this subparagraph is equal to the number described in subclause (I).” > . ###
(b)Prospective Repeal Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended by striking subparagraph (C), as added by subsection (a), effective on October 1, 2021. ###
(c)Report Required **[**[12 U.S.C. 1709 note](/us/usc/t12/s1709)**]** Not later than 30 days before the date on which the Secretary of Housing and Urban Development makes a determination under subsection (b)(2), the Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that— ####
(1)explains the basis for the determination; and ####
(2)identifies the date on which the Secretary plans to make the determination. # TITLE V OTHER PROVISIONS ## Subtitle A Keystone XL Pipeline
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Sec. 402
FHA GUARANTEE FEES
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