PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Housing and Community Opportunity.
Congressional Research Service
Version 00 · Introduced in House · Jun 27, 1996
TABLE OF CONTENTS: Title I: Product Flexibility and Insurance Title II: Claims and Property Disposition Reform Initiatives Title III: Streamlining Proposals FHA Single Family Housing Reform Act of 1996 - Title I: Product Flexibility and Insurance - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to establish: (1) alternative mortgage insurance premium structures; and (2) demonstrations of underwriting, premiums, and insurance products to expand home ownership opportunities. Extends Federal Housing Administration mortgage insurance authority. Title II: Claims and Property Disposition Reform Initiatives - Revises single family claims procedures. Title III: Streamlining Proposals - Revises eligibility and warranty provisions. Authorizes: (1) delegation of insuring authority to direct endorsement mortgagees; and (2) use of amounts borrowed from family for downpayments. Revises home equity conversion program provisions with respect to: (1) insurance limitations; and (2) consumer education requirements. Provides 100 percent condominium mortgage insurance for disasters. Repeals authority for Housing Insurance Fund expenditures to correct or compensate for substantial defects in mortgaged homes.
People & committees
Rep. Lazio, Rick [R-NY-2] · R–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Housing and Community Opportunity.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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