The maximum loan term becomes whatever the Secretary determines, up to 30 years
To increase the supply of housing in America, and for other purposes, section 303, Sec. 303.
Written by .
The maximum loan term becomes whatever the Secretary determines, up to 30 years
The document says “is amended”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 303 in the PDF
What the document says
“in paragraph (3), by striking ``exceeds--'' and all that follows through the period at the end and inserting ``exceeds such period of time as determined by the Secretary, not to exceed 30 years.'';”
The section replaces the wording in section 2(b)(3) of the National Housing Act that set the maximum loan term with a maximum period the Secretary determines, capped at 30 years.
What the document actually says
“in paragraph (3), by striking ``exceeds--'' and all that follows through the period at the end and inserting ``exceeds such period of time as determined by the Secretary, not to exceed 30 years.'';”
That sentence, in plain words
The older words about how long a loan may run come out. New words go in. The housing agency now sets the length, up to 30 years.
What this is about
A loan term is how long a borrower has to pay it back. The law used to fix the number. Now it fixes only the ceiling.
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. 303, 140 Stat. 892 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The maximum loan term becomes whatever the Secretary determines, up to 30 years,” Increase the supply of housing in America, section 303, Sec. 303. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec303-loan-term/ (retrieved October 11, 2026).
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