To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Homebuyers Assistance Act
(Sec. 2) This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.
No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
Reported by the Committee on Financial Services. H. Rept. 114-278.
Reported by the Committee on Financial Services. H. Rept. 114-278.
Placed on the Union Calendar, Calendar No. 210.
Rules Committee Resolution H. Res. 462 Reported to House. Rule provides for consideration of H.R. 3192 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. Resolution also provides for proceedings during the period from Oct. 12, 2015 through Oct. 19, 2015.
Rule H. Res. 462 passed House.
ORDER OF PROCEDURE - Mr. Hensarling asked unanimous consent that the question of adopting a motion to recommit on H.R. 3192 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection.
Considered under the provisions of rule H. Res. 462. (consideration: CR H6858-6869)
Rule provides for consideration of H.R. 3192 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. Resolution also provides for proceedings during the period from Oct. 12, 2015 through Oct. 19, 2015.
DEBATE - The House proceeded with one hour of debate on H.R. 3192.
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The previous question was ordered pursuant to the rule. (consideration: CR H6868)
Mr. Moulton moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H6868; text: CR H6868)
DEBATE - The House proceeded with 10 minutes of debate on the Moulton motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding at the end of the bill a new section pertaining to Protecting Servicemembers and Others.
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6869)
POSTPONED PROCEEDINGS - At the conclusion of debate on the Moulton motion to recommit with instructions, the Chair put the question on adopting the motion to recommit and by voice vote, announced that the noes had prevailed. Mr. Moulton demanded the yeas and nays and pursuant to the order of the House of today, the Chair postponed further proceedings on the question of adoption until a time to be announced.
Considered as unfinished business. (consideration: CR H6880-6881)
On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 240 (Roll no. 539). (consideration: CR H6880)
Roll Call #539 (House)Passed/agreed to in House: On passage Passed by the Yeas and Nays: 303 - 121 (Roll no. 540).(text: CR H6858)
Roll Call #540 (House)On passage Passed by the Yeas and Nays: 303 - 121 (Roll no. 540). (text: CR H6858)
Roll Call #540 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.