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Bill114th CongressFiled Feb 2, 2015Housing and Community Development
H.R. 650

Preserving Access to Manufactured Housing Act of 2015

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
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Law

What it doesSummary passed house without amendment (Apr 14, 2015)

(This measure has not been amended since it was introduced. The summary of has been expanded because action occurred on the measure.)

Preserving Access to Manufactured Housing Act of 2015

(Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs).

Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction.

(Sec. 3) Revises the definition of "high cost mortgage."

What just happenedApr 15, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Fincher, Stephen Lee [R-TN-8](R-TN)Sponsor
43 cosponsors4 D39 R
Read on Congress.gov
43cosponsors2committees24actions4related bills6subjects
  1. Apr 15, 2015IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Apr 14, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Apr 14, 2015FloorH37100

    On passage Passed by the Yeas and Nays: 263 - 162 (Roll no. 151). (text: CR H2178)

  4. Apr 14, 2015Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 263 - 162 (Roll no. 151).(text: CR H2178)

  5. Apr 14, 2015FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 239 (Roll no. 150).

    Financial Services Committee
  6. Apr 14, 2015FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to ensure that the underlying legislation does not benefit lenders or individuals that have engaged in unfair, deceptive, predatory, or abusive lending practices, or have been convicted of mortgage fraud, pending reservation of a point of order. Subsequently, the reservation of a point of order was removed.

  7. Apr 14, 2015FloorH36100

    Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H2194-2196)

    Financial Services Committee
  8. Apr 14, 2015FloorH8D000

    Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 resumed.

  9. Apr 14, 2015FloorH30000

    Considered as unfinished business. (consideration: CR H2194-2197)

  10. Apr 14, 2015FloorH8D000

    POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 was postponed.

  11. Apr 14, 2015FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H2188)

  12. Apr 14, 2015FloorH8D000

    DEBATE - Pursuant to the provisions of H. Res. 189, the House proceeded with one hour of debate on H. R. 650.

  13. Apr 14, 2015FloorH30000

    Considered under the provisions of rule H. Res. 189. (consideration: CR H2178-2188)

  14. Apr 13, 2015FloorH1L210

    Rules Committee Resolution H. Res. 189 Reported to House. Resolution provides for consideration of 3 measures: H.R. 650; H.R. 685; and S. Con. Res. 11.

  15. Apr 6, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 34.

  16. Apr 6, 2015CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-53.

    Financial Services Committee
  17. Apr 6, 2015Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-53.

    Financial Services Committee
  18. Mar 26, 2015Committee

    Ordered to be Reported by the Yeas and Nays: 43 - 15.

    Financial Services Committee
  19. Mar 26, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  20. Mar 25, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  21. Feb 3, 2015IntroReferralB00100

    Sponsor introductory remarks on measure. (CR E157)

  22. Feb 2, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  23. Feb 2, 2015IntroReferralIntro-H

    Introduced in House

  24. Feb 2, 2015IntroReferral1000

    Introduced in House

Passed House without amendmentApr 14, 201581

(This measure has not been amended since it was introduced. The summary of has been expanded because action occurred on the measure.)

Preserving Access to Manufactured Housing Act of 2015

(Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs).

Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction.

(Sec. 3) Revises the definition of "high cost mortgage."

Introduced in HouseFeb 2, 2015

Preserving Access to Manufactured Housing Act of 2015

Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs).

Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction.

Revises the definition of "high cost mortgage."