Department of Housing and Urban Development Reform Act of 1989
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| Public Law 101-235 Department of Housing and Urban Development Reform Act of 1989 |
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| Pub.L. 101−235, 103 Stat. 1987, H.R. 1, enacted December 15, 1989. | ||
1ST SESSION
An Act
To amend Federal laws to reform housing, community and neighborhood development, and related programs, and for other purposes.
- Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
[edit] Section 1. Short Title and Table of Contents.
- (a) SHORT TITLE.—
- This Act may be cited as the ``Department of Housing and Urban Development Reform Act of 1989´´.
- (b) TABLE OF CONTENTS.—
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- TITLE I—REFORMS TO DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- Subtitle A—Ethics
- Sec. 101. Allocation of housing assistance.
- Sec. 102. HUD accountability.
- Sec. 103. Prohibition of advance disclosure of funding decisions.
- Sec. 104. Reform of headquarters reserve.
- Sec. 105. Reform of CDBG discretionary fund and provision of technical assistance.
- Sec. 106. Waiver of regulation requirements and handbook provisions.
- Sec. 107. Civil money penalties against mortgagees and lenders.
- Sec. 108. Civil money penalties against multifamily mortgagors.
- Sec. 109. Civil money penalties against section 202 mortgagors.
- Sec. 110. Civil money penalties against GNMA issuers.
- Sec. 111. Civil money penalties for violations of Interstate Land Sales Full Disclosure Act.
- Sec. 112. Registration of consultants.
- Subtitle A—Ethics
- TITLE I—REFORMS TO DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
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- Subtitle B—Management Reform
- Sec. 121. Establishment of HUD Chief Financial Officer.
- Sec. 122. Establishment of FHA Comptroller.
- Sec. 123. Expediting rulemaking.
- Sec. 124. Funding for program evaluation and monitoring.
- Sec. 125. Refinancing of section 235 mortgages.
- Sec. 126. Sanctions for improper conveyances under urban homestead programs.
- Sec. 127. Reform of moderate rehabilitation program.
- Subtitle B—Management Reform
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- Subtitle C—Federal Housing Administration Reforms
- Sec. 131. Annual audited financial statements.
- Sec. 132. Credit reviews of persons acquiring mortgaged properties under single family program for life of mortgage.
- Sec. 133. Repeal of title X land development program.
- Sec. 134. Civil money penalties for improper dealer and loan broker participation in origination of property improvement loans.
- Sec. 135. Notification regarding suspended mortgagees.
- Sec. 136. FHA foreclosed properties.
- Sec. 137. Report regarding providing foreclosed properties to 1989 disaster victims.
- Sec. 138. Report regarding actions to improve direct endorsement program.
- Sec. 139. Co-insurance amendments.
- Sec. 140. FHA management.
- Sec. 141. Contracting for financial management support.
- Sec. 142. FHA operations.
- Sec. 143. Elimination of private investor-owners from single family mortgage insurance program.
- Subtitle C—Federal Housing Administration Reforms
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- TITLE II—HOUSING PRESERVATION
- Sec. 201. Limitations on prepayment.
- Sec. 202. Clarification of applicability to voluntary termination of insurance.
- Sec. 203. Incentives to extend low-income use.
- Sec. 204. Preservation.
- Sec. 205. Report on property disposition demonstration.
- Sec. 206. Prohibition on prepayment of new rural housing loans.
- Sec. 207. Equity takeout incentive for new rural housing loans.
- TITLE II—HOUSING PRESERVATION
Approved December 15, 1989.
[edit] Legislative History
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- CONGRESSIONAL RECORD, Vol. 135 (1989):
- Nov. 22, Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
- Nov. 22, House actions: On motion to agree to Senate amendment Agreed to without objection.
- CONGRESSIONAL RECORD, Vol. 135 (1989):