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S 1315 115th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Consumer Financial Protection Bureau Housing finance and home ownership

Relationship Lending Preservation Act of 2017

Introduced: June 8, 2017 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 8, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

Relationship Lending Preservation Act of 2017

This bill directs the Consumer Financial Protection Bureau to issue regulations that include as a "qualified mortgage" any mortgage loan that: (1) is extended by a Federal Home Loan Bank member that, together with its affiliates, has less than $10 billion in total consolidated assets; (2) meets specified qualifying criteria under the Truth in Lending Act; and (3) is eligible to be purchased by a Federal Home Loan Bank pursuant to regulations of the Federal Housing Finance Agency and requirements established by the bank. Current law provides certain protections for lenders against lawsuits by distressed borrowers with respect to qualified mortgages.

What's happening now June 8, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1