US Congress House Bill 6694 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 20 2012 - 25% progression, died in chamber
Action: 2012-12-21 - Sponsor introductory remarks on measure. (CR E1987-1988)
Text: Latest bill text (Introduced) [PDF]

Amends the Mortgage Reform and Anti-Predatory Lending Act, title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to reverse the exclusion from treatment as a mortgage originator, and recognize as a mortgage originator, an employee of a retailer of manufactured homes who receives compensation or gain for taking a residential mortgage loan application, assisting a consumer in obtaining or applying to obtain a residential mortgage loan, or offering or negotiating the terms of such a loan, if the compensation or gain exceeds that received in a comparable cash transaction.

To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Rep. Stephen Fincher [R-TN]

Date	Chamber	Action
2012-12-21	House	Sponsor introductory remarks on measure. (CR E1987-1988)
2012-12-20	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6694/all-info
Text	https://www.congress.gov/112/bills/hr6694/BILLS-112hr6694ih.pdf