S. 2123 · 109th Congress
FHA Manufactured Housing Loan Modernization Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
AllardSponsor10 cosponsors · 5 D, 5 R
D
Bayh
MM
R
Martinez
ED
R
Dole
SC
R
Chambliss
TJ
D
Johnson
BL
D
Lincoln
BN
D
Nelson
JI
R
Isakson
LA
R
Alexander
DS
D
Stabenow2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
FHA Manufactured Housing Loan Modernization Act of 2005 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes) to: (1) exempt such loans from certain financial institution portfolio limits; (2) establish loan-to-value ratio and downpayment requirements;…
What it does: CRS summary · Introduced in Senate · Dec 16, 2005
FHA Manufactured Housing Loan Modernization Act of 2005 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes) to: (1) exempt such loans from certain financial institution portfolio limits; (2) establish loan-to-value ratio and downpayment requirements; (3) provide that any such contract shall be conclusive evidence of an institution's insurance eligibility; (4) increase loan limits; (5) set forth borrower premium charges; and (6) direct the Secretary of Housing and Urban Development to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FHA Manufactured Housing Loan Modernization Act of 2005
Latest action (Apr 4, 2006): Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation and Community Development. Hearings held. With printed Hearing: S.Hrg. 109-994.
Policy area: Housing and Community Development · Origin: Senate · Introduced: Dec 16, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.