Reverse Mortgage Stabilization Act of 2013 became law 78 days after introduction, with one cosponsor, a Republican
IntroducedMay 23, 2013
Reported—
Passed one chamberJun 12, 2013
Passed bothJul 30, 2013
LawAug 9, 2013
What it changes · CRS summary
Written by the Congressional Research Service [2]. 90 words.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Reverse Mortgage Stabilization Act of 2013 - Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners, to authorize the Secretary of Housing and Urban Development (HUD) to establish, by notice or mortgagee letter, any additional or alternative requirements determined necessary to improve the fiscal safety and soundness of the reverse mortgage program. Declares that such requirements shall take effect upon issuance.
Context
- Committees
- House Financial Services Committee
Senate Banking, Housing, and Urban Affairs Committee - Policy area
- Housing and Community Development: 5 of 1,087 bills became law, 113th–118th (0.5%)
- Sponsor
- 3 of 43 bills enacted since 2013
- Text versions
- 5, from enrolled bill to public law · 337 words
- Subjects
- Administrative law and regulatory proceduresDepartment of Housing and Urban DevelopmentHousing finance and home ownership
- Latest action
- Aug 9, 2013: Became Public Law No: 113-29.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 0
The bill status record lists no related bills.
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]