The insurance fund pays for counseling delinquent FHA borrowers
To increase the supply of housing in America, and for other purposes, section 101, Sec. 101.
Written by .
The insurance fund pays for counseling delinquent FHA borrowers
The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 101 in the PDF
What the document says
“the fair market rate cost of counseling for delinquent borrowers described in paragraph (2) with respect to a covered mortgage loan described in paragraph (1)(A) shall be paid for by the Mutual Mortgage Insurance Fund, as authorized under section 203(r)(4) of the National Housing Act (12 U.S.C. 1709(r)(4)).”
The new subsection (j)(3) puts the fair market cost of counseling delinquent borrowers on loans insured by the Federal Housing Administration on the Mutual Mortgage Insurance Fund, if the requirements of sections 202(a)(3) and 205(f) of the National Housing Act are met.
What the document actually says
“the fair market rate cost of counseling for delinquent borrowers described in paragraph (2) with respect to a covered mortgage loan described in paragraph (1)(A) shall be paid for by the Mutual Mortgage Insurance Fund, as authorized under section 203(r)(4) of the National Housing Act (12 U.S.C. 1709(r)(4)).”
That sentence, in plain words
Counseling costs money. For some loans that cost is paid by a fund. The fund is the one that insures those loans.
What this is about
A fund is a pot of money set aside for one job. This one backs home loans insured by the government. The rule says the counseling bill comes out of it.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 101, 140 Stat. 847 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The insurance fund pays for counseling delinquent FHA borrowers,” Increase the supply of housing in America, section 101, Sec. 101. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec101-counseling-cost/ (retrieved October 10, 2026).
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