US SB682 | 2015-2016 | 114th Congress

Status

Sponsorship: Moderate Partisan Bill (Republican 25-3)
Status: Introduced on March 10 2015 - 25% progression, died in chamber
Action: 2015-04-16 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Summary

Preserving Access to Manufactured Housing Act of 2015 Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs). Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction. Revises the definition of "high cost mortgage."

Tracking Information

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Title

Preserving Access to Manufactured Housing Act of 2015

Sponsors


History

DateChamberAction
2015-04-16SenateCommittee on Banking, Housing, and Urban Affairs. Hearings held.
2015-03-10SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HB650 (Same As) 2015-04-15 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB1910 (Related) 2015-07-30 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 176.

Subjects


US Congress State Sources


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