1758                            JOINT RESOLUTIONS

WHEREAS, In addition to the savings in State and local funds
attainable under the provisions of this Resolution which could pro-
vide a breakthrough in raising adequate funds for the recipients of
Aid to Families with Dependent Children in Maryland, a greater
degree of efficiency could be realized through the disbursement of
benefits from a single source to the Aged, Blind and Disabled; now,
therefore, be it

Resolved, That the General Assembly of Maryland request Mary-
land Congressmen and United States Senators to initiate or support
a move to relieve the States of some of the burden of public welfare
costs by broadening the coverage and increasing the level of pay-
ments under the Federal Old Age, Survivors and Disability Insur-
ance Benefits program to a degree that will meet the minimum finan-
cial needs of all eligible persons and by increasing to at least $40 the
maximum average monthly payment per recipient in which Federal
reimbursement can be claimed to the Aid to Families with Depend-
ent Children program; and be it further

Resolved, That copies of this Resolution be sent to each Maryland
Congressman and United States Senator.

Approved May 2, 1969.

No. 30
(House Joint Resolution 34)

House Joint Resolution requesting the Congress of the United States
to pass legislation prohibiting assessment of mortgage organiza-
tion ORIGINATION fees commonly known as "points," to a home
seller and assuring TO ASSURE the availability of funds through-
out the several states for the issuance of FHA and VA mortgages.

Whereas, The imposition of mortgage origination fees, com-
monly called points, on a seller of a house is a patently immoral AN
UNDESIRABLE practice; and

Whereas, The financial institutions demand a yield on their in-
vestments which is in excess of that which is permitted by the
current ruling on the interest rate by the Secretary of Housing
and Urban Development on FHA and VA mortgages; and

Whereas, The financial institutions will only buy FHA and VA
mortgages when the differential between their desired yield and
the permitted rate is made up by the imposition of points; and

Whereas, No single state can act independently to eliminate points
since the financial institution stymied this action by threatening
to withhold mortgage money from the entire state; ; now, therefore,
be it

Resolved, by the General Assembly of Maryland, That the Congress
of the United States of America is requested to pass legislation
prohibiting the imposition of points ON A HOME SELLER of VA
and FHA insured mortgages; and be it further