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H.R. 4804: FHA Manufactured Housing Loan Modernization Act of 2006

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H.R. 4804: FHA Manufactured Housing Loan Modernization Act of 2006

109th Congress · introduced 2006-02-16 · Housing and Community Development · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2006-02-16 · official record
  2. Who proposed it: Rep. Tiberi, Patrick J. [R-OH-12] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 398 (2006): On Motion to Suspend the Rules and Pass, as Amended, HR4804 (2006-07-25), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

FHA Manufactured Housing Loan Modernization Act of 2006

Plain summary

FHA Manufactured Housing Loan Modernization Act of 2006 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes). Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases. Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually instead of as part of a bundle of such loans.) Increases loan limits, requiring annual indexing. Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up to 1%. Revises requirements for the handling and disposal of any real or personal conveyed to or acquired by the Secretary of Housing and Urban Development (HUD), and the pursuit of all claims against mortgagors assigned to the Secretary by mortgagees. Directs the Secretary of HUD to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.

Congressional Research Service summary (Reported to House with amendment(s)), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

FHA Manufactured Housing Loan Modernization Act of 2006

Source: Congressional Research Service summary (Reported to House with amendment(s))

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] · 1 cosponsors

Cost estimate: CBO cost estimate: H.R. 4804, FHA Manufactured Housing Loan Modernization Act of 2006 (2006-07-11); CBO cost estimate: H.R. 4804, FHA Manufactured Housing Loan Modernization Act of 2006 (2006-07-11)

Cosponsors on this site

Recorded votes

Sources

Record fed-us-cong109-hr4804 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109