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H.R. 1529 114th Congress House

Community Institution Mortgage Relief Act of 2015

Official title: To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to modify the requirements for community financial institutions with re… Show full official titleShow less

Official title: To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to modify the requirements for community financial institutions with respect to certain rules relating to mortgage loans, and for other purposes.

Introduced: March 23, 2015 Introduced by: Brad Sherman Democratic · California See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer Financial Protection BureauConsumer creditHousing finance and home ownership
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2015
Placed on the Union Calendar, Calendar No. 38.
Apr 6, 2015
Reported by the Committee on Financial Services. H. Rept. 114-57.
Mar 26, 2015
Ordered to be Reported by the Yeas and Nays: 48 - 10.
Mar 26, 2015
Committee Consideration and Mark-up Session Held.
Mar 25, 2015
Committee Consideration and Mark-up Session Held.
Mar 23, 2015
Referred to the House Committee on Financial Services.
Mar 23, 2015
Introduced in House
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 Latest action April 6, 2015

Placed on the Union Calendar, Calendar No. 38.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Community Institution Mortgage Relief Act of 2015

(Sec. 2) This bill amends the Truth in Lending Act to create a safe harbor from requirements for an escrow or impound account for the payment of taxes and hazard insurance in the case of mortgage loans made by a creditor with consolidated assets of $10 billion or less that holds the loan on its balance sheet for three years after its origination.

A creditor shall be deemed to have complied with the three-year balance sheet requirement if it transfers a loan by reason of its bankruptcy or failure, the purchase of it by another, or by a supervisory act or recommendation from a state or federal regulator.

The Consumer Financial Protection Bureau is required to exempt mortgage servicers that service 20,000 or fewer mortgage loans from requirements of the Real Estate Settlement Procedures Act of 1974 pertaining to the servicing of mortgage loans and administration of escrow accounts.

 Related & companion bills 2
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1529: Community Institution Mortgage Relief Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1529/
MLA
"H.R. 1529: Community Institution Mortgage Relief Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1529/.
Bluebook (legal)
H.R. 1529, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1529/.
Markdown link
[H.R. 1529: Community Institution Mortgage Relief Act of 2015](https://openamerica.io/bill/114-HR-1529/)
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