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H.R. 3221 115th Congress House

Securing Access to Affordable Mortgages Act

Official title: To provide exemptions under the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to encourage access to affordable mortgages, and for other purposes.

Introduced: November 14, 2017 Introduced by: David Kustoff Republican · Tennessee See on congress.gov
Housing and Community Development Accounting and auditingAdministrative law and regulatory proceduresBanking and financial institutions regulationBusiness records
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Department of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemHousing finance and home ownershipReal estate business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Mar 8, 2018
Placed on the Union Calendar, Calendar No. 448.
Mar 8, 2018
Reported by the Committee on Financial Services. H. Rept. 115-590.
Nov 15, 2017
Ordered to be Reported by the Yeas and Nays: 32 - 26.
Nov 15, 2017
Committee Consideration and Mark-up Session Held.
Jul 13, 2017
Referred to the House Committee on Financial Services.
Jul 13, 2017
Introduced in House
Jul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
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 Latest action March 8, 2018

Placed on the Union Calendar, Calendar No. 448.

 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.)

Securing Access to Affordable Mortgages Act

(Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

 Related & companion bills 1
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 1
R
Tenney, Claudia
New York · Nov 14, 2017
Luetkemeyer, Blaine
· Jul 13, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3221: Securing Access to Affordable Mortgages Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3221/
MLA
"H.R. 3221: Securing Access to Affordable Mortgages Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3221/.
Bluebook (legal)
H.R. 3221, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3221/.
Markdown link
[H.R. 3221: Securing Access to Affordable Mortgages Act](https://openamerica.io/bill/115-HR-3221/)
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