US SB540 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 25 2019 - 25% progression, died in committee
Action: 2019-02-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 25 2019 - 25% progression, died in committee
Action: 2019-02-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows creditors to use certain alternative standards when evaluating an applicant's ability to pay for purposes of obtaining a home mortgage.
Title
Self-Employed Mortgage Access Act of 2019
Sponsors
| Sen. Mark Warner [D-VA] | Sen. Mike Rounds [R-SD] | Sen. Cory Booker [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-25 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB2445 (Same As) 2019-12-10 - Committee Consideration and Mark-up Session Held.
Subjects
Administrative law and regulatory procedures
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
Housing finance and home ownership
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
Housing finance and home ownership
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/540/all-info |
| Text | https://www.congress.gov/116/bills/s540/BILLS-116s540is.pdf |
