Affordable Homeownership Access Act This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Banking and financial institutions regulationCongressional oversightCredit and credit marketsGovernment studies and investigationsHousing finance and home ownershipLicensing and registrationsReal estate business
Affordable Homeownership Access Act
USA116th CongressHR-5614| House
| Updated: 1/15/2020
Affordable Homeownership Access Act This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.
Banking and financial institutions regulationCongressional oversightCredit and credit marketsGovernment studies and investigationsHousing finance and home ownershipLicensing and registrationsReal estate business