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Seller Funded Downpayment Assistance Bill Clears House Committee

WASHINGTON -- The bill that requires FHA to accept seller-provided down payments has cleared the House Financial Services Committee.

By Staff Writer | Updated on September 17, 2008

WASHINGTON — The bill that requires FHA to accept seller-provided down payments has cleared the House Financial Services Committee.

The committee voted to allow H.R. 6694 to go forward and added an amendment including civil money penalties for improper appraisals. The next step for the bill is a vote by the full House, expected to take place by the end of the month.

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