S.3484 - Preserving Access to Manufactured Housing Act112th Congress (2011-2012)
|Sponsor:||Sen. Brown, Sherrod [D-OH] (Introduced 08/02/2012)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||08/02/2012 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.3484 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (08/02/2012)
Preserving Access to Manufactured Housing Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exclude a seller of manufactured homes from the definition of loan originator subject to such Act, unless such individual or entity is engaged in the business of a loan originator or receives compensation or gain for engaging in certain residential mortgage loan activities in excess of any compensation or gain received in a comparable cash transaction.
Amends the Truth in Lending Act to revise the definition of "high cost mortgage."