Passed BothConf. Cmte
- Housing and Community Development – Down Payment and Settlement Expense Loan Program – Homebuyer Education Requirements
- Sponsored by
- Senator McCray
- In the Senate - Hearing 2/27 at 1:00 p.m.
- Fiscal and Policy Note
Altering homebuyer education requirements for a loan recipient in the Down Payment and Settlement Expense Loan Program in the Department of Housing and Community Development to require the loan recipient to take a homebuyer education course or complete online homebuyer education with a HUD-approved product and require the recipient to receive one-on-one counseling for at least 1 hour, in person or by phone; and requiring the Secretary of Housing and Community Development to make a certain annual report by December 31.
Bill File Type: Regular
Effective Date(s): October 1, 2020
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( 4-302, 4-308 )
Last Updated: 9/22/2020 3:22 PM