HR 4521
113th Congress
House
Housing and Community Development
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Consumer Financial Protection Bureau
Federal Reserve System
Housing finance and home ownership
Real estate business
Small business
Community Institution Mortgage Relief Act of 2014
Introduced: April 30, 2014
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2014
Ordered to be Reported by the Yeas and Nays: 43 - 16.
May 22, 2014
Committee Consideration and Mark-up Session Held.
Apr 30, 2014
Referred to the House Committee on Financial Services.
Apr 30, 2014
Introduced in House
Plain-English summary
Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less.
Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.
What's happening now
Ordered to be Reported by the Yeas and Nays: 43 - 16.
Committees of jurisdiction
1