Summary: H.R.1360 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.1360. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/02/2017)

Seller Finance Enhancement Act

This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person.

The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.