Community Institution Mortgage Relief Act of 2014
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 30, 2014)
Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less.
Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.
What just happenedMay 22, 2014
Ordered to be Reported by the Yeas and Nays: 43 - 16.
Who’s behind it
- Introduced in HouseApr 30, 2014
- May 22, 2014Committee
Ordered to be Reported by the Yeas and Nays: 43 - 16.
- May 22, 2014Committee
Committee Consideration and Mark-up Session Held.
- Apr 30, 2014IntroReferralH11100
Referred to the House Committee on Financial Services.
- Apr 30, 2014IntroReferralIntro-H
Introduced in House
- Apr 30, 2014IntroReferral1000
Introduced in House