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S. 3106 111th Congress Senate

Nonprofit Mortgage Licensing Clarification Act of 2010

Official title: A bill to authorize States to exempt certain nonprofit housing organizations from the licensing requirements of the S.A.F.E. Mortgage Licensing Act of 2008.

Introduced: March 11, 2010 See on congress.gov
Housing and Community Development Housing finance and home ownershipHousing for the elderly and disabledInterest, dividends, interest ratesLicensing and registrations
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Low- and moderate-income housingSocial work, volunteer service, charitable organizationsTax-exempt organizations
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 11, 2010
Introduced in Senate
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 Latest action March 11, 2010

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

 Plain-English summary Congressional Research Service

Nonprofit Mortgage Licensing Clarification Act of 2010 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to permit a state to exempt from certain registration or licensing requirements any charitable organization exempt from federal tax (including their employees and agents acting as loan originators), if the organization: (1) executes loan originations in order to promote or facilitate homeownership for certain low-income, disabled, or other disadvantaged persons or families; (2) offers loans at interest rates lower than the bank prime loan rate, or that are no-interest loans or loans with interest rates significantly below those for loans to purchase generally available single-family housing; and (3) does not otherwise engage in the business of a loan originator or mortgage broker.

 Related & companion bills 1
  • HR 4400 Nonprofit Mortgage Licensing Clarification Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2
D
Klobuchar, Amy
Minnesota · Apr 14, 2010
Burr, Richard
· Mar 11, 2010
Isakson, Johnny
· Mar 11, 2010
 D
Merkley, Jeff
Oregon · Mar 11, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3106: Nonprofit Mortgage Licensing Clarification Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-3106/
MLA
"S. 3106: Nonprofit Mortgage Licensing Clarification Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3106/.
Bluebook (legal)
S. 3106, 111th Cong. (2026), https://openamerica.io/bill/111-S-3106/.
Markdown link
[S. 3106: Nonprofit Mortgage Licensing Clarification Act of 2010](https://openamerica.io/bill/111-S-3106/)
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