HB651 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Housing Finance Authority, purchase mortgage loans authorized, make and originate second mortgage loans, Secs. 24-1A-1, 24-1A-2, 24-1A-5, 24-1A-15, 24-1A-20 am'd.
Description
<p class="bill_description"> This bill would authorize the Alabama
Housing Finance Authority to purchase mortgage
loans from mortgage lenders, directly or
indirectly, both to finance the original purchase
of eligible housing units and to refinance eligible
housing units for present owners, and to make and
originate second mortgage loans secured by eligible
housing units</p><p class="bill_entitled_an_act"> To amend Sections 24-1A-1, 24-1A-2, 24-1A-5,
24-1A-15, and 24-1A-20, Code of Alabama 1975, relating to the
Alabama Housing Finance Authority; to authorize the authority
to purchase mortgage loans from mortgage lenders, directly or
indirectly, both to finance the original purchase of eligible
housing units and to refinance eligible housing units for
present owners; and to make and originate second mortgage
loans secured by eligible housing units.
</p>
Subjects
Housing Finance Authority
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | H | Indefinitely Postponed |
| April 24, 2013 | H | Read for the second time and placed on the calendar |
| April 23, 2013 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB651 Alabama 2013 Session - Introduced |