H.R. 3221
IntroducedSecuring Access to Affordable Mortgages Act
Latest Action
Placed on the Union Calendar, Calendar No. 448.
3/8/2018 • House
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Securing Access to Affordable Mortgages Act
(Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.
The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.
Reported to House without amendment • 3/8/2018
Topics & Subjects
CBO Cost Estimates (1)
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
July 13, 2017
Committee Review
July 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law