Text: H.R.2167 — 113th Congress (2013-2014)

08/09/2013 Became Public Law No: 113-29

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Enrolled Bill (08/01/2013)


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[Congressional Bills 113th Congress]
[From the U.S. Government Printing Office]
[H.R. 2167 Enrolled Bill (ENR)]

        H.R.2167

                     One Hundred Thirteenth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Thursday,
           the third day of January, two thousand and thirteen


                                 An Act


 
To authorize the Secretary of Housing and Urban Development to establish 
 additional requirements to improve the fiscal safety and soundness of 
         the home equity conversion 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 ``Reverse Mortgage Stabilization Act 
of 2013''.
SEC. 2. ADDITIONAL SAFETY AND SOUNDNESS REQUIREMENTS FOR HOME EQUITY 
CONVERSION MORTGAGE INSURANCE PROGRAM.
    Subsection (h) of section 255 of the National Housing Act (12 
U.S.C. 1715z-20(h)) is amended--
        (1) in paragraph (1), by striking ``and'' at the end;
        (2) in paragraph (2), by striking the period at the end and 
    inserting ``; and''; and
        (3) by adding at the end the following new paragraph:
        ``(3) establish, by notice or mortgagee letter, any additional 
    or alternative requirements that the Secretary, in the Secretary's 
    discretion, determines are necessary to improve the fiscal safety 
    and soundness of the program authorized by this section, which 
    requirements shall take effect upon issuance.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.