US Congress House Bill 1036 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Revises the definition of a mortgage originator for the purposes of compliance with registration and compensation requirements. Among other things, it exempts from mortgage originator requirements those lenders providing financing to five (currently three) or fewer properties in a year, including corporations and partnerships that would otherwise be regulated as mortgage originators. The bill also removes the requirement that such lenders, in order to be exempt from these requirements, must verify the buyer's ability to repay the loan.

PARITY Act of 2019 Preserving Access to Rural Installment Transactions for Years Act of 2019

Rep. Denver Riggleman [R-VA]

Date	Chamber	Action
2019-02-07	House	Referred to the House Committee on Financial Services.
2019-02-07	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/1036/all-info
Text	https://www.congress.gov/116/bills/hr1036/BILLS-116hr1036ih.pdf