S 1828 113th Congress Senate Housing and Community Development Banking and financial institutions regulation Housing finance and home ownership Housing industry and standards Interest, dividends, interest rates Real estate business Retail and wholesale trades

Preserving Access to Manufactured Housing Act of 2013

Introduced: December 16, 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

Dec 16, 2013

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

Dec 16, 2013

Introduced in Senate

Plain-English summary Congressional Research Service

Preserving Access to Manufactured Housing Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs).

Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction.

Amends the Truth in Lending Act to revise the definition of "high cost mortgage."

What's happening now December 16, 2013

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

Committees of jurisdiction 1