HR 2133
115th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Asia
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Civil actions and liability
Congressional oversight
Consumer Financial Protection Bureau
Consumer affairs
Consumer credit
Department of the Treasury
Evidence and witnesses
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Foreign and international banking
Government information and archives
Housing finance and home ownership
Iran
Judicial procedure and administration
CLEARR Act of 2017
Introduced: April 25, 2017
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Apr 25, 2017
Referred to the House Committee on Financial Services.
Apr 25, 2017
Introduced in House
Plain-English summary
Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEARR Act of 2017
This bill
- exempts small banks from certain mortgage escrow requirements and from mandatory disclosures of loan servicing transfers;
- exempts small mortgage loans from specified property appraisal requirements;
- requires federal banking agencies to revise regulations regarding capital requirements for mortgage servicing assets;
- modifies the authority of the Consumer Financial Protection Bureau (CFPB) over unfair, deceptive, or abusive acts;
- limits the institutions over which the CFPB has a supervisory role;
- limits prohibitions on discrimination under the Equal Credit Opportunity Act and the Fair Housing Act to intentional acts;
- modifies certain mortgage loan recordkeeping and disclosure requirements;
- limits the authority of a federal banking agency to request or order a deposit institution to terminate a customer account;
- limits the liability of creditors and mortgage originators for violating certain ability-to-pay requirements; and
- otherwise modifies provisions related to financial institutions.
What's happening now
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Committees of jurisdiction
2