Bill114th CongressFiled Jan 6, 2015Housing and Community Development
H.R. 162
To amend the Truth in Lending Act to allow certain loans that are not fully amortizing to be used in seller carryback financing on residential mortgage loans.
Bill journey · stage 2 of 5
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What it doesSummary introduced in house (Jan 6, 2015)
Amends the Truth in Lending Act to modify the exclusion from the definition of "mortgage originator" of a seller providing mortgage financing of three properties in a 12-month period to remove the requirement that a residential mortgage loan be fully amortizing. (Allows treatment as a mortgage originator of any seller providing mortgage financing of three properties in a 12-month period even if the mortgage loan involved is not fully amortizing.)
What just happenedJan 6, 2015
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Schweikert, David [R-AZ-6](R-AZ)Sponsor
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- Introduced in HouseJan 6, 2015
- Jan 6, 2015IntroReferralH11100
Referred to the House Committee on Financial Services.
- Jan 6, 2015IntroReferralIntro-H
Introduced in House
- Jan 6, 2015IntroReferral1000
Introduced in House