H.R. 1699 - 115th Congress (2017-2018) - Preserving Access to Manufactured Housing Act of 2017

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.

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.

Text (4)

Referred in Senate

December 4, 2017

Engrossed in House

December 1, 2017

Reported in House

November 21, 2017

Introduced in House

March 23, 2017

Amendments (1)

Dec 01, 2017

Offered in House

Sponsorship

House Amendment 492

Pursuant to the provisions of H. Res. 635, the House adopted an amendment in the nature of a substitute.

Submitted

Actions (19)

Show Only Major Actions

12/04/2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

12/01/2017

Motion to reconsider laid on the table Agreed to without objection.

12/01/2017

On passage Passed by recorded vote: 256 - 163 (Roll no. 651). (text: CR H9573)

12/01/2017

Passed/agreed to in House: On passage Passed by recorded vote: 256 - 163 (Roll no. 651).(text: CR H9573)

12/01/2017

On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 227 (Roll no. 650).

12/01/2017

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.

12/01/2017

Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H9583)

12/01/2017

DEBATE - The House proceeded with one hour of debate on H.R. 1699.

12/01/2017

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.

12/01/2017

Considered under the provisions of rule H. Res. 635. (consideration: CR H9573-9585)

11/30/2017

Rule H. Res. 635 passed House.

11/29/2017

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.

11/21/2017

Placed on the Union Calendar, Calendar No. 308.

11/21/2017

Reported by the Committee on Financial Services. H. Rept. 115-416.

10/12/2017

Ordered to be Reported by the Yeas and Nays: 42 - 18.

10/12/2017

Committee Consideration and Mark-up Session Held.

10/11/2017

Committee Consideration and Mark-up Session Held.

03/23/2017

Referred to the House Committee on Financial Services.

03/23/2017

Introduced in House

Public Record

Record Updated

Jan 11, 2023 1:35:32 PM