To exempt small seller financers from certain licensing requirements.
USA115th CongressHR-1360| House
| Updated: 3/2/2017
Roger Williams
Republican Representative
Texas
Cosponsors (23)
Lamar Smith (Republican)Robert Pittenger (Republican)Bob Gibbs (Republican)Steve Stivers (Republican)John Ratcliffe (Republican)John Abney Culberson (Republican)Brad R. Wenstrup (Republican)Mike Bishop (Republican)Todd Rokita (Republican)Vicente Gonzalez (Democratic)Kenny Marchant (Republican)Paul Mitchell (Independent)Don Bacon (Republican)Andy Barr (Republican)Ted Poe (Republican)Henry Cuellar (Democratic)Sam Graves (Republican)Tom Emmer (Republican)Robert E. Latta (Republican)Scott R. Tipton (Republican)Ted Budd (Republican)Brian Babin (Republican)Duncan D. Hunter (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Seller Finance Enhancement Act This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person. The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Housing and Community Development
Banking and financial institutions regulationCongressional oversightGovernment studies and investigationsHousing finance and home ownershipLicensing and registrationsReal estate business
To exempt small seller financers from certain licensing requirements.
USA115th CongressHR-1360| House
| Updated: 3/2/2017
Seller Finance Enhancement Act This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person. The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Roger Williams
Republican Representative
Texas
Cosponsors (23)
Lamar Smith (Republican)Robert Pittenger (Republican)Bob Gibbs (Republican)Steve Stivers (Republican)John Ratcliffe (Republican)John Abney Culberson (Republican)Brad R. Wenstrup (Republican)Mike Bishop (Republican)Todd Rokita (Republican)Vicente Gonzalez (Democratic)Kenny Marchant (Republican)Paul Mitchell (Independent)Don Bacon (Republican)Andy Barr (Republican)Ted Poe (Republican)Henry Cuellar (Democratic)Sam Graves (Republican)Tom Emmer (Republican)Robert E. Latta (Republican)Scott R. Tipton (Republican)Ted Budd (Republican)Brian Babin (Republican)Duncan D. Hunter (Republican)
Financial Services Committee
Housing and Community Development
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationCongressional oversightGovernment studies and investigationsHousing finance and home ownershipLicensing and registrationsReal estate business