H.R. 695 · 112th Congress
Legal Eligibility for Granting A Loan Act of 2011
- Stage
- In committee
- Sponsor
- Kenny Marchant
- Introduced
- 2011-02-14
- Latest action
- 2011-03-23 · Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Summary
Legal Eligibility for Granting A Loan Act of 2011 - Requires each applicant for a single-family home mortgage to provide the lender information to verify the applicant's citizenship or alien status through the E-Verify program if the home mortgage is to be: (1) newly insured under the Federal Housing Administration (FHA) mortgage insurance program of the Department of Housing and Urban Development (HUD); (2) newly purchased by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac); or (3) newly made, insured, or guaranteed by the Secretary of Veterans Affairs (VA) or by any other agency or entity of the federal government.