HR 5614
116th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Congressional oversight
Credit and credit markets
Government studies and investigations
Housing finance and home ownership
Licensing and registrations
Real estate business
Affordable Homeownership Access Act
Introduced: January 15, 2020
Introduced by:
Gonzalez, Vicente
Democratic
· Texas
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 15, 2020
Referred to the House Committee on Financial Services.
Jan 15, 2020
Introduced in House
Plain-English summary
Affordable Homeownership Access Act
This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1