Summary: H.R.2673 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.2673. Bill summaries are authored by CRS.

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Introduced in House (07/11/2013)

Portfolio Lending and Mortgage Access Act - Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage.

Treats as a qualified mortgage any residential mortgage loan made by a creditor so long as it appears on the creditor's balance sheet (held on portfolio).