House Bill 3221
115th Congress(2017-2018)
Securing Access to Affordable Mortgages Act
Introduced
Introduced in House on Jul 13, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3221
Congress
115
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
No House votes have been held for this bill.
Summary
Securing Access to Affordable Mortgages Act
This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.
The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.
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03/08/2018
Placed on the Union Calendar, Calendar No. 448.
03/08/2018
Reported by the Committee on Financial Services. H. Rept. 115-590.
11/15/2017
Ordered to be Reported by the Yeas and Nays: 32 - 26.
11/15/2017
Committee Consideration and Mark-up Session Held.
07/13/2017
Referred to the House Committee on Financial Services.
07/13/2017
Introduced in House
07/12/2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Public Record
Record Updated
Jan 11, 2023 1:37:27 PM