HR 3221
115th Congress
House
Housing and Community Development
Accounting and auditing
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business records
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Housing finance and home ownership
Real estate business
Securing Access to Affordable Mortgages Act
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.
Plain-English summary
(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.
What's happening now
Placed on the Union Calendar, Calendar No. 448.
Committees of jurisdiction
2
Cosponsors
1