Mortgage Assistance and Equity Recovery Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line