H.R. 5193 (106th): FHA Downpayment Simplification Extension Act of 2000

106th Congress, 1999–2000. Text as of Sep 30, 2000 (Passed Congress/Enrolled Bill).

Status & Summary | PDF | Source: GPO

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.