{
  "id": "R40498",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R40498",
  "active": true,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 347340,
      "date": "2009-04-08",
      "retrieved": "2016-04-06T22:29:58.098473",
      "title": "Overview of the Securities Act of 1933 as Applied to Private Label Mortgage-Backed Securities",
      "summary": "Mortgage-backed securities that are packaged and issued by private industry participants are required to comply with the Securities Act of 1933. Issuers of so-called private label mortgage-backed securities must either register these securities pursuant to the rules the Securities and Exchange Commission has set forth, or obtain an exemption from registration. Failure to register or fall under an exemption could result in liability for the issuer and other parties involved in the offering. Furthermore, material misstatements or omissions in the offering materials may also result in liability under the Securities Act. This report will provide an overview of the Securities Act of 1933 as it may be applied to mortgage-backed securities issued by private industry participants.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": true,
      "formats": [
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          "format": "HTML",
          "encoding": "utf-8",
          "url": "http://www.crs.gov/Reports/R40498",
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          "filename": "files/20090408_R40498_683d7b58a46ddf4d79ae5fd0827d6e624554978e.html",
          "images": null
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          "url": "http://www.crs.gov/Reports/pdf/R40498",
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          "images": null
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      "topics": []
    }
  ],
  "topics": []
}