12 2 STA T . 2 84 2 PUBLIC LA W 11 0– 28 9—J UL Y3 0 , 2008 (1)tel e phon e c o u n s el i n g; ( 2 )in d i v idu a li z ed in - pe r son counseling; ( 3 ) w e b -based counseling; ( 4 ) counseling classes; or ( 5 )an y other f or m or type of counseling that the S ecretary may , in his discretion, determine appropriate . (c) S IZEOFPR O G R AM . —T he Secretary shall ma k e available the pre-purchase homeownership counseling described in subsection (b) to not more than 3, 0 00 eligible homebuyers in any given year. (d) INC EN T I V E TO PARTICI P ATE.—The Secretary of H ousing and U rban D evelopment may provide incentives to eligible homebuyers to participate in the demonstration program established under sub- section (a). Such incentives may include the reduction of any insur- ance premium charges owed by the eligible homebuyer to the Sec- retary. (e) EL IGI B LE HOMEB UY ER DEFINE D .— F or purposes of this sec- tion an ‘ ‘eligible homebuyer ’ ’ means a first-time homebuyer who has been approved for a home loan with a loan-to-value ratio between 97 percent and 9 8 .5 percent. (f) R EPORT TO C ONGRE S S.—The Secretary of Housing and Urban Development shall report to the Committee on B anking, Housing, and Urban A ffairs of the Senate and the Committee on Financial Services of the House of Representative— (1) on an annual basis, on the progress and results of the demonstration program established under subsection (a); and (2) for the period beginning on the date of enactment of this title and ending on the date that is 5 years after such date of enactment, on the payment history and delin q uency rates of eligible homebuyers who participated in the demonstra- tion program. SEC.21 2 9 . FRAUDP RE V E NTIO N. Section 1014 of title 18, United States Code, is amended in the first sentence— (1) by inserting ‘‘the Federal Housing Administration,’’ before ‘‘the Farm Credit Administration’’; and (2) by striking ‘‘commitment, or loan’’ and inserting ‘‘commitment, loan, or insurance agreement or application for insurance or a guarantee’’. SEC. 21 30 . L I M ITATION ON MORT G AGE INSURANCE PREMIUM INCREASES. (a) IN G ENERAL.— N otwithstanding any other provision of law, including any provision of this title and any amendment made by this title— (1) for the period beginning on the date of the enactment of this title and ending on O ctober 1, 2009, the premiums charged for mortgage insurance under multifamily housing pro- grams under the National Housing Act may not be increased above the premium amounts in effect under such program on October 1, 200 6 , unless the Secretary of Housing and Urban Development determines that, absent such increase, insurance of additional mortgages under such program would, under the Federal Credit Reform Act of 1990, require the appropriation of new budget authority to cover the costs (as such term is defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a) of such insurance; and 12USC 1 709note.D e adli ne.
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