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Bills in Congress to Deny Loans and Mortgages to Sex Offenders

July 26, 2010

sexoffender-reports.blogspot.com: Bills in Congress Will Deny Loans and Mortgages to Sex Offenders.

Small Business Jobs and Credit Act of 2010: HR-5297:

Source of offensive language: House Report 111-506, H.Res. 1436 “(2) LOAN RECIPIENTS.—With respect to funds received by an eligible institution under the Program, any business receiving a loan from the eligible institution using such funds after the date of the enactment of this title shall certify to such eligible institution that the principals of such business have not been convicted of a sex offense against a minor (as such terms are defined in section 111 of the Sex Offender Registration and Notification Act (42 U.S.C. 16911)). “


FHA Reform Act of 2010: HR-5072:

Source of offensive language: House Floor Debate 6-10-2010 which says: “(z) Required Certifications.–Notwithstanding any other provision of law, the Secretary may not insure any mortgage secured by a one- to four-family dwelling unless the mortgagor under such mortgage certifies, under penalty of perjury, that the mortgagor has not been convicted of a sex offense against a minor (as such terms are defined in section 111 of the Sex Offender Registration and Notification Act (42 U.S.C. 16911)).”.”


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