HR 1360
115th Congress
House
Housing and Community Development
Banking and financial institutions regulation
Congressional oversight
Government studies and investigations
Housing finance and home ownership
Licensing and registrations
Real estate business
Seller Finance Enhancement Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2017
Referred to the House Committee on Financial Services.
Mar 2, 2017
Introduced in House
Plain-English summary
Seller Finance Enhancement Act
This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person.
The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1