US HB3221 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on July 12 2017 - 25% progression, died in chamber
Action: 2018-03-08 - Placed on the Union Calendar, Calendar No. 448.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 12 2017 - 25% progression, died in chamber
Action: 2018-03-08 - Placed on the Union Calendar, Calendar No. 448.
Text: Latest bill text (Introduced) [PDF]
Summary
Securing Access to Affordable Mortgages Act (Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years. The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.
Title
Securing Access to Affordable Mortgages Act
Sponsors
| Rep. David Kustoff [R-TN] | Rep. Blaine Luetkemeyer [R-MO] | Rep. Claudia Tenney [R-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-03-08 | House | Placed on the Union Calendar, Calendar No. 448. |
| 2018-03-08 | House | Reported by the Committee on Financial Services. H. Rept. 115-590. |
| 2017-11-15 | House | Ordered to be Reported by the Yeas and Nays: 32 - 26. |
| 2017-11-15 | House | Committee Consideration and Mark-up Session Held. |
| 2017-07-13 | House | Referred to the House Committee on Financial Services. |
| 2017-07-13 | House | Introduced in House |
| 2017-07-12 | House | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral. |
Same As/Similar To
HB2133 (Related) 2017-07-12 - Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Subjects
Accounting and auditing
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business records
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Housing and community development
Housing finance and home ownership
Real estate business
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business records
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Housing and community development
Housing finance and home ownership
Real estate business
