US Congress House Bill 3529 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 34-12)
Status: Introduced on November 19 2013 - 25% progression, died in committee
Action: 2013-11-19 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Protecting Habitat Homeownership Act - Amends the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to exempt residential mortgage loans originated by non-profit low-income housing providers from certain minimum loan standards as well as appraisal, servicing, and billing requirements. Defines "non-profit low-income housing provider" as a tax-exempt charitable organization that does not engage in the business of a loan originator or mortgage broker but does make residential mortgage loans: (1) to promote or facilitate homeownership for poor or low-income, disabled, or other disadvantaged persons or families; and (2) at interest rates lower than the bank prime loan rate; or (3) that are, after adjusting for inflation, no-interest loans or loans with interest rates significantly below the interest rates for loans for purchase of single-family housing generally available in the market. Prescribes additional requirements.

Protecting Habitat Homeownership Act

Rep. Mark Meadows [R-NC]	Rep. Michele Bachmann [R-MN]	Rep. John Barrow [D-GA]	Rep. Karen Bass [D-CA]
Rep. Susan Brooks [R-IN]	Rep. G. Butterfield [D-NC]	Sen. Shelley Capito [R-WV]	Rep. Tony Cardenas [D-CA]
Rep. Matthew Cartwright [D-PA]	Rep. Doug Collins [R-GA]	Rep. Jim Cooper [D-TN]	Sen. Tom Cotton [R-AR]
Sen. Steve Daines [R-MT]	Rep. Ron DeSantis [R-FL]	Rep. Jeff Duncan [R-SC]	Rep. Renee Ellmers [R-NC]
Rep. Stephen Fincher [R-TN]	Rep. Bill Flores [R-TX]	Sen. Cory Gardner [R-CO]	Rep. Vicky Hartzler [R-MO]
Rep. Richard Hudson [R-NC]	Rep. Walter Jones [R-NC]	Rep. Peter King [R-NY]	Rep. Jack Kingston [R-GA]
Rep. Ann Kuster [D-NH]	Rep. Doug LaMalfa [R-CA]	Rep. Billy Long [R-MO]	Rep. Alan Lowenthal [D-CA]
Rep. Blaine Luetkemeyer [R-MO]	Sen. Cynthia Lummis [R-WY]	Rep. Gregory Meeks [D-NY]	Rep. Mick Mulvaney [R-SC]
Rep. Patrick Murphy [D-FL]	Rep. Erik Paulsen [R-MN]	Rep. Robert Pittenger [R-NC]	Rep. David Roe [R-TN]
Rep. Todd Rokita [R-IN]	Rep. Thomas Rooney [R-FL]	Rep. Bradley Schneider [D-IL]	Rep. Robert Scott [D-VA]
Rep. Steve Southerland [R-FL]	Rep. Steve Stivers [R-OH]	Rep. Marlin Stutzman [R-IN]	Rep. Joe Wilson [R-SC]
Rep. Robert Wittman [R-VA]	Rep. Don Young [R-AK]

Date	Chamber	Action
2013-11-19	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3529/all-info
Text	https://www.congress.gov/113/bills/hr3529/BILLS-113hr3529ih.pdf