12 U.S.C. 1715z-20: Insurance of home equity conversion mortgages for elderly homeowners

2013

• Pub. L. 113–29 added par. (3). Law text · (h)

2009

• Pub. L. 111–22 added subpar. (B) and struck out former subpar. (B), which read as follows: "under a lease having a period of not less than 10 years to run beyond the maturity date of the mortgage." Law text · (b)

2008

• Pub. L. 110–289, §2122(a)(1), inserted " 'real estate,' " after " 'mortgagor', ". (Housing and Economic Recovery Act of 2008) Law text · (b)
• Pub. L. 110–289, §2122(b)(1), in introductory provisions, inserted "a first or subordinate mortgage or lien" before "on all stock", "unit" before "in a residential", and "a first mortgage or first lien" before "on a leasehold". (Housing and Economic Recovery Act of 2008) Law text · (b)
• Pub. L. 110–289, §2122(b)(2), inserted "a first or subordinate lien on" before "all stock". (Housing and Economic Recovery Act of 2008) Law text · (b)
• Pub. L. 110–289, §2122(a)(2), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "have been made to a mortgagee approved by the Secretary as responsible and able to service the mortgage properly;". (Housing and Economic Recovery Act of 2008) Law text · (d)
• Pub. L. 110–289, §2122(a)(3), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "has received adequate counseling by a third party (other than the lender) as provided in subsection (f) of this section;". (Housing and Economic Recovery Act of 2008) Law text · (d)
• Pub. L. 110–289, §2122(a)(4), substituted "Counseling services and information for mortgagors" for "Information services for mortgagors" in heading and amended introductory provisions generally. Prior to amendment, introductory provisions read as follows: "The Secretary shall provide o… (Housing and Economic Recovery Act of 2008) Law text · (f)
• Pub. L. 110–289, §2122(a)(5), substituted "limitation established under section 1454(a)(2) of this title for a 1-family residence" for "established under section 1709(b)(2) of this title for 1-family residences in the area in which the dwelling subject to the mortgage under this sectio… (Housing and Economic Recovery Act of 2008) Law text · (g)
• Pub. L. 110–289, §2118(b)(2), substituted "Mutual Mortgage Insurance Fund" for "General Insurance Fund". (Housing and Economic Recovery Act of 2008) Law text · (i)
• Pub. L. 110–289, §2122(a)(8), amended subsec. (l) generally. Prior to amendment, subsec. (l) related to funding for counseling and consumer education and outreach. (Housing and Economic Recovery Act of 2008) Law text · (l)
• Pub. L. 110–289, §2122(a)(6), (7), redesignated subsec. (m) as (l) and struck out former subsec. (l) which related to waiver of up-front premiums for mortgages to fund long-term care insurance. (Housing and Economic Recovery Act of 2008) Law text · (l)
• Pub. L. 110–289, §2122(a)(9), added subsecs. (m) to (p). Former subsec. (m) redesignated (l). (Housing and Economic Recovery Act of 2008) Law text · (m), (n), (o), (p)
• Pub. L. 110–289, §2122(c), added subsec. (r). (Housing and Economic Recovery Act of 2008) Law text · (r)

2006

• Pub. L. 109–289 substituted "275,000" for "250,000". (Department of Defense Appropriations Act, 2007) Law text · (g)

2005

• Pub. L. 109–13 substituted "250,000" for "150,000". (Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Tsunami Relief, 2005) Law text · (g)

2000

• Pub. L. 106–569, §201(b)(1), struck out " 'mortgage'," before " 'mortgagee',". (American Homeownership and Economic Opportunity Act of 2000) Law text · (b)
• Pub. L. 106–569, §201(b)(2), added pars. (4) and (5). (American Homeownership and Economic Opportunity Act of 2000) Law text · (b), (5)
• Pub. L. 106–569, §201(a)(1), (c)(1), added subsecs. (k) and (l) and redesignated former subsec. (k) as (m). (American Homeownership and Economic Opportunity Act of 2000) Law text · (k), (l), (m)

1998

• Pub. L. 105–276, §593(d)(1), struck out "Demonstration program of" before "Insurance" in section catchline. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text
• Pub. L. 105–276, §593(d)(2), (3), struck out "demonstration" before "program" in introductory provisions, inserted "and" at end of par. (1), substituted a period for "; and" at end of par. (2), and struck out par. (3) which read as follows: "to require the evaluation of data to determi… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (a)
• Pub. L. 105–276, §593(e)(1)(A), added subpar. (C) and redesignated former subpar. (C) as (D). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (d), (D)
• Pub. L. 105–276, §593(e)(1)(B)–(D), added par. (11). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (d)
• Pub. L. 105–276, §593(b), inserted concluding provisions. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (f)
• Pub. L. 105–276, §593(a), substituted "The aggregate number of mortgages insured under this section may not exceed 150,000." for "No mortgage may be insured under this section after September 30, 2000, except pursuant to a commitment to insure issued on or before such date. The total n… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (g)
• Pub. L. 105–276, §593(d)(2), struck out "demonstration" before "program" in introductory provisions. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (i)
• Pub. L. 105–276, §593(d)(4), (5), redesignated subsec. (l) as (k) and struck out heading and text of former subsec. (k), which had required interim report not later than Sept. 30, 1989, on design and implementation of demonstration program of insurance of home equity conversion mortgag… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (k)
• Pub. L. 105–276, §593(d)(5), redesignated subsec. (l) as (k). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (l)
• Pub. L. 105–276, §593(c), added subsec. (l). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (l)

1996

• Pub. L. 104–120, §6(c), amended par. (3) generally. Prior to amendment, par. (3) read as follows: "be secured by a dwelling that is designed principally for a 1-family residence and is occupied by the mortgagor;". (Housing Opportunity Program Extension Act of 1996) Law text · (d)
• Pub. L. 104–120, §6(a), (b), substituted "2000" for "1996" and "50,000" for "30,000". (Housing Opportunity Program Extension Act of 1996) Law text · (g)
• Pub. L. 104–99 substituted "1996" for "1995" and "30,000" for "25,000". (The Balanced Budget Downpayment Act, I) Law text · (g)

1992

• Pub. L. 102–389 and Pub. L. 102–550, §503(c)(2), amended subsec. (g) identically, substituting "for 1-family residences in the area in which the dwelling subject to the mortgage under this section is located" for "for a 1-family residence". · (g)
• Pub. L. 102–550, §520, inserted at end "Section 1647(b) of title 15 and any implementing regulations issued by the Board of Governors of the Federal Reserve System shall not apply to a mortgage insured under this section." · (j)

1990

• Pub. L. 101–625, §334(c), added subpar. (A) and struck out former subpar. (A) which read as follows: "the foreclosure sale; or". · (d)
• Pub. L. 101–625, §334(b), added pars. (9) and (10). · (d), (10)
• Pub. L. 101–625, §334(d)(1), substituted "statement informing the homeowner that the liability of the homeowner under the mortgage is limited and" for "statement" and struck out "and" at end. · (e)
• Pub. L. 101–625, §334(d)(2), (3), added par. (4). · (e)
• Pub. L. 101–508, §2106, substituted "September 30, 1995" for "September 30, 1991" and "may not exceed 25,000" for "may not exceed 2,500". · (g)

1988

• Pub. L. 100–628, §1066(a), made technical amendment to reference to section 3802(2) of this title to correct reference to corresponding provision of original act. · (b)
• Pub. L. 100–628, §1066(b), struck out "and that has a value not to exceed the maximum dollar amount established by the Secretary under section 1709(b)(2) of this title for a 1-family residence" after "by the mortgagor". · (d)