#aafth ,,congress  #ast ,session  ,h4   
,r4 #bafb  ,,an ,,act  ,to require the  
,secretary of ,housing and ,urban       
,development to discount ,,fha          
single-family mortgage insurance premium
 payments for first-time homebuyers who 
complete a financial literacy housing   
counseling program4  #a4 ,short title   
,this ,act may be cited as the ,housing 
,financial ,literacy ,act of #bjai4  #b4
 ,discount on mortgage insurance premium
 payments for first-time homebuyers who 
complete financial literacy housing     
counseling programs ,the second sentence
 of subparagraph 7,a7 of section        
#bjc7;c77#b7 of the ,national ,housing  
,act 7#ab ,u4,s4,c4 #agji7;c77#b77;,a77 
is amended--  7#a7 by inserting before  
the comma the following3 and such       
program is completed before the         
mortgagor has signed an application for 
a mortgage to be insured under this     
title or a sales agreement2 and  7#b7 by
 striking not exceed #b4ge percent of   
the amount of the original insured      

principal obligation of the mortgage and
 inserting be #be basis points lower    
than the premium payment amount         
established by the ,secretary under the 
first sentence of this subparagraph4    
,passed the ,house of ,representatives  
,july #i1 #bjai4;,clerk4