To amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage, to amend the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to modify the definition of a loan originator, 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.)
Preserving Access to Manufactured Housing Act of 2017
(Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.
(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 42 - 18.
Reported by the Committee on Financial Services. H. Rept. 115-416.
Reported by the Committee on Financial Services. H. Rept. 115-416.
Placed on the Union Calendar, Calendar No. 308.
Rules Committee Resolution H. Res. 635 Reported to House. Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions.
Rule H. Res. 635 passed House.
Considered under the provisions of rule H. Res. 635. (consideration: CR H9573-9585)
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions.
DEBATE - The House proceeded with one hour of debate on H.R. 1699.
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H9583)
Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Waters, Maxine (CA) motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to protect consumers from excessive costs and predatory lenders.
On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 227 (Roll no. 650).
Roll Call #650 (House)Passed/agreed to in House: On passage Passed by recorded vote: 256 - 163 (Roll no. 651).(text: CR H9573)
Roll Call #651 (House)On passage Passed by recorded vote: 256 - 163 (Roll no. 651). (text: CR H9573)
Roll Call #651 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.