HR 1255
113th Congress
House
Housing and Community Development
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Housing finance and home ownership
Real estate business
Home Construction Lending Regulatory Improvement Act of 2013
Introduced: March 19, 2013
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2013
Referred to the House Committee on Financial Services.
Mar 19, 2013
Introduced in House
Plain-English summary
Home Construction Lending Regulatory Improvement Act of 2013 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1