HR 2673
113th Congress
House
Finance and Financial Sector
Consumer credit
Housing finance and home ownership
Portfolio Lending and Mortgage Access Act
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 16, 2014
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 22, 2014
Ordered to be Reported by the Yeas and Nays: 36 - 23.
May 22, 2014
Committee Consideration and Mark-up Session Held.
Jul 11, 2013
Referred to the House Committee on Financial Services.
Jul 11, 2013
Introduced in House
Plain-English summary
Portfolio Lending and Mortgage Access Act - Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage.
Treats as a qualified mortgage any residential mortgage loan made by a creditor so long as it appears on the creditor's balance sheet (held on portfolio).
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committees of jurisdiction
2