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Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Truth in Lending Act to allow certain loans that are not fully amortizing to be used in seller carryback financing on residential mortgage loans.


Actions Overview (1)

Date
01/14/2013Introduced in House

All Actions (2)

Date
01/14/2013Referred to the House Committee on Financial Services.
Action By: House of Representatives
01/14/2013Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services01/14/2013 Referred to

No related bill information was received for H.R.245.


Subjects (2)


Latest Summary (1)

There is one summary for H.R.245. View summaries

Shown Here:
Introduced in House (01/14/2013)

Amends the Truth in Lending Act to modify the exclusion from the definition of "mortgage originator" of a seller providing mortgage financing of three properties in a 12-month period to remove the requirement that a residential mortgage loan be fully amortizing. (Allows treatment as a mortgage originator of any seller providing mortgage financing of three properties in a 12-month period even if the mortgage loan involved is not fully amortizing.)