HB651 Alabama 2013 Session
Bill Summary
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
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.
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 |