US HB1360 | 2017-2018 | 115th Congress
Status
Spectrum: Strong Partisan Bill (Republican 22-2)
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Seller Finance Enhancement Act
Sponsors
Rep. Roger Williams [R-TX] | Rep. Henry Cuellar [D-TX] | Rep. Garland Barr [R-KY] | Rep. Tom Emmer [R-MN] |
Rep. Kenny Marchant [R-TX] | Rep. Scott Tipton [R-CO] | Rep. John Culberson [R-TX] | Rep. Brian Babin [R-TX] |
Rep. Robert Pittenger [R-NC] | Rep. Lamar Smith [R-TX] | Rep. Ted Poe [R-TX] | Rep. Sam Graves [R-MO] |
Rep. Steve Stivers [R-OH] | Rep. Don Bacon [R-NE] | Rep. Paul Mitchell [R-MI] | Rep. John Ratcliffe [R-TX] |
Rep. Bob Gibbs [R-OH] | Rep. Brad Wenstrup [R-OH] | Rep. Robert Latta [R-OH] | Sen. Ted Budd [R-NC] |
Rep. Mike Bishop [R-MI] | Rep. Todd Rokita [R-IN] | Rep. Duncan Hunter [R-CA] | Rep. Vicente Gonzalez [D-TX] |
History
Date | Chamber | Action |
---|---|---|
2017-03-02 | House | Referred to the House Committee on Financial Services. |
2017-03-02 | House | Introduced in House |
Subjects
Banking and financial institutions regulation
Congressional oversight
Government studies and investigations
Housing and community development
Housing finance and home ownership
Licensing and registrations
Real estate business
Congressional oversight
Government studies and investigations
Housing and community development
Housing finance and home ownership
Licensing and registrations
Real estate business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1360/all-info |
Text | https://www.congress.gov/115/bills/hr1360/BILLS-115hr1360ih.pdf |