Expresses the sense of the House of Representatives that: (1) the President should reject the preliminary recommendation of the Commission on Housing for a Federal preemption of State law permitting mortgage assumptions; and (2) neither the President nor Federal agency or department shall take any action to limit the rights of States or the courts to prohibit or impose limits on the use of due-on-sale clauses.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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