S. 2399 · 110th Congress
Financial Education and Counseling Assistance Act of 2007
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2007-11-16
- Latest action
- 2007-11-16 · Introduced in Senate
Summary
Financial Education and Counseling Assistance Act of 2007 - Amends the Housing and Urban Development Act of 1968 to require the Secretary of Housing and Urban Development (HUD) to carry out a grant program to assist eligible organizations to provide financial education and counseling services to homeowners and prospective homebuyers.
Requires the Secretary to give preference to established community-based financial education and counseling organizations capable of providing in-person services.
Prohibits an organization from receiving such financial assistance unless its financial counselors are HUD-certified.