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H.R. 600:
FHA Seller-Financed Downpayment Reform Act of 2009
111th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedJan 16, 2009
Occurred: Referred to CommitteeView Committee Assignments
Not Yet Occurred: Reported by Committee...
Not Yet Occurred: House Vote...
Not Yet Occurred: Senate Vote...
Not Yet Occurred: Signed by President...
This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Jan 27, 2010 8:12PM]
Last Action:
Jan 16, 2009: Referred to the House Committee on Financial Services.
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Question & Answer
Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 3 more questions posed on this topic or submit your own question on the Q&A page.

Feb 3, 2009 7:33 PM - is ACORN a recipient in the stimulus bill? - Read Answers
Oct 14, 2009 12:57 AM - Can I borrow the money for an FHA title II loan if the loan is secured by chattel? - Answer it!

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

SupportOppose
AmeriDream, Inc.
DPA Groundswell
Nehemiah Corp
Care - 2 letters
(none)

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

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