Housing Finance Agency Law - Board
January 13, 2017 03:11 PM to All Senate Members
Circulated By
Senator Patrick Browne
R Senate District 16
Memo
In the near future, I intend to reintroduce legislation that was Senate Bill 922 of the 2015-16 legislative session. Cosponsors of Senate Bill 922 of last session included: Senators TEPLITZ, VULAKOVICH, RAFFERTY and COSTA.
This legislation would amend the “Pennsylvania Housing Finance Agency Law” to include the Insurance Commissioner as a member of the board.
Current law calls for the State Treasurer, Secretary of Banking, Secretary of Public Welfare, Secretary of the Department of Community and Economic Development, one appointee from both the minority and majority leaders of the State House of Representatives, one appointee from both the minority and majority leaders of the State Senate, and six private citizen members appointed by the Governor and confirmed by the Senate.
The addition of the Insurance Commissioner to the board is of vital importance because the availability of homeowner’s insurance affects a prospective buyer’s ability to obtain a mortgage. When homeowner’s insurance is not available in certain neighborhoods and regions, it affects both the current and potential homeowners and buyers.
This legislation would amend the “Pennsylvania Housing Finance Agency Law” to include the Insurance Commissioner as a member of the board.
Current law calls for the State Treasurer, Secretary of Banking, Secretary of Public Welfare, Secretary of the Department of Community and Economic Development, one appointee from both the minority and majority leaders of the State House of Representatives, one appointee from both the minority and majority leaders of the State Senate, and six private citizen members appointed by the Governor and confirmed by the Senate.
The addition of the Insurance Commissioner to the board is of vital importance because the availability of homeowner’s insurance affects a prospective buyer’s ability to obtain a mortgage. When homeowner’s insurance is not available in certain neighborhoods and regions, it affects both the current and potential homeowners and buyers.
Legislation
Document - Introduced as SB 339
Last updated on February 8, 2017 10:16 AM
Housing Finance Agency Law - Board
January 13, 2017 03:11 PM to All Senate Members
Circulated By
BROWNE
Memo
In the near future, I intend to reintroduce legislation that was Senate Bill 922 of the 2015-16 legislative session. Cosponsors of Senate Bill 922 of last session included: Senators TEPLITZ, VULAKOVICH, RAFFERTY and COSTA.
This legislation would amend the “Pennsylvania Housing Finance Agency Law” to include the Insurance Commissioner as a member of the board.
Current law calls for the State Treasurer, Secretary of Banking, Secretary of Public Welfare, Secretary of the Department of Community and Economic Development, one appointee from both the minority and majority leaders of the State House of Representatives, one appointee from both the minority and majority leaders of the State Senate, and six private citizen members appointed by the Governor and confirmed by the Senate.
The addition of the Insurance Commissioner to the board is of vital importance because the availability of homeowner’s insurance affects a prospective buyer’s ability to obtain a mortgage. When homeowner’s insurance is not available in certain neighborhoods and regions, it affects both the current and potential homeowners and buyers.
This legislation would amend the “Pennsylvania Housing Finance Agency Law” to include the Insurance Commissioner as a member of the board.
Current law calls for the State Treasurer, Secretary of Banking, Secretary of Public Welfare, Secretary of the Department of Community and Economic Development, one appointee from both the minority and majority leaders of the State House of Representatives, one appointee from both the minority and majority leaders of the State Senate, and six private citizen members appointed by the Governor and confirmed by the Senate.
The addition of the Insurance Commissioner to the board is of vital importance because the availability of homeowner’s insurance affects a prospective buyer’s ability to obtain a mortgage. When homeowner’s insurance is not available in certain neighborhoods and regions, it affects both the current and potential homeowners and buyers.
Document
Introduced as SB 339
Last Updated
February 8, 2017 10:16 AM
Generated 05/14/2025 02:05 PM