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A bill to modify the definitions of a mortgage originator, a high-cost mortgage, and a loan originator.

USA115th CongressS-1751| Senate 
| Updated: 8/3/2017
Joe Donnelly

Joe Donnelly

Democratic Senator

Indiana

Cosponsors (5)
Tom Cotton (Republican)Joe Manchin (Independent)Tim Scott (Republican)Gary C. Peters (Democratic)Patrick Toomey (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Preserving Access to Manufactured Housing Act of 2017 This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act. In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.
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Timeline
Aug 3, 2017
Introduced in Senate
Aug 3, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2017
    Introduced in Senate


  • August 3, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Housing and Community Development

Related Bills

  • HR 115-3280: Financial Services and General Government Appropriations Act, 2018
  • HR 115-1699: Preserving Access to Manufactured Housing Act of 2017
  • S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
  • HR 115-10: Financial CHOICE Act of 2017

A bill to modify the definitions of a mortgage originator, a high-cost mortgage, and a loan originator.

USA115th CongressS-1751| Senate 
| Updated: 8/3/2017
Preserving Access to Manufactured Housing Act of 2017 This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act. In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 3, 2017
Introduced in Senate
Aug 3, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2017
    Introduced in Senate


  • August 3, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Joe Donnelly

Joe Donnelly

Democratic Senator

Indiana

Cosponsors (5)
Tom Cotton (Republican)Joe Manchin (Independent)Tim Scott (Republican)Gary C. Peters (Democratic)Patrick Toomey (Republican)

Banking, Housing, and Urban Affairs Committee

Housing and Community Development

Related Bills

  • HR 115-3280: Financial Services and General Government Appropriations Act, 2018
  • HR 115-1699: Preserving Access to Manufactured Housing Act of 2017
  • S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
  • HR 115-10: Financial CHOICE Act of 2017
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted