H.R.1755 - Home Construction Lending Regulatory Improvement Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Miller, Gary G. [R-CA-42] (Introduced 05/05/2011)|
|Committees:||House - Financial Services|
|Latest Action:||07/19/2012 Referred to the Subcommittee on Financial Institutions and Consumer Credit.|
This bill has the status Introduced
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Summary: H.R.1755 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (05/05/2011)
Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.