Home > 106th Congressional Bills > H.R. 5193 (ih) To amend the National Housing Act to temporarily extend the applicability of the downpayment simplification provisions for the FHA single family housing mortgage insurance program. [Introduced in House] ...

H.R. 5193 (ih) To amend the National Housing Act to temporarily extend the applicability of the downpayment simplification provisions for the FHA single family housing mortgage insurance program. [Introduced in House] ...


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        H.R.5193

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
             the twenty-fourth day of January, two thousand


                                 An Act


 
      To amend the National Housing Act to temporarily extend the 
 applicability of the downpayment simplification provisions for the FHA 
            single family housing mortgage insurance program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FHA Downpayment Simplification 
Extension Act of 2000''.

SEC. 2. EXTENSION OF APPLICABILITY OF DOWNPAYMENT SIMPLIFICATION 
              PROVISIONS.

    Subparagraph (A) of section 203(b)(10) of the National Housing Act 
(12 U.S.C. 1709(b)(10)(A)) is amended by striking ``executed for 
insurance in fiscal years 1998, 1999, and 2000'' and inserting ``closed 
on or before October 30, 2000''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

Pages: 1

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