US HB4521 | 2013-2014 | 113th Congress

Status

Sponsorship: Strong Partisan Bill (Republican 36-2)
Status: Introduced on April 30 2014 - 25% progression, died in chamber
Action: 2014-05-22 - Ordered to be Reported by the Yeas and Nays: 43 - 16.
Text: Latest bill text (Introduced) [PDF]

Summary

Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less. Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.

Tracking Information

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Title

Community Institution Mortgage Relief Act of 2014

Sponsors


History

DateChamberAction
2014-05-22HouseOrdered to be Reported by the Yeas and Nays: 43 - 16.
2014-05-22HouseCommittee Consideration and Mark-up Session Held.
2014-04-30HouseReferred to the House Committee on Financial Services.

Same As/Similar To

HB1750 (Related) 2013-04-25 - Referred to the House Committee on Financial Services.
HB4304 (Related) 2014-06-13 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
HB5786 (Related) 2014-12-03 - Referred to the House Committee on Financial Services.

Subjects


US Congress State Sources


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