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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Seller Finance Enhancement Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To exempt small seller financers from certain licensing requirements.


Actions Overview (1)

Date
03/02/2017Introduced in House

All Actions (2)

Date
03/02/2017Referred to the House Committee on Financial Services.
Action By: House of Representatives
03/02/2017Introduced in House
Action By: House of Representatives

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 Services03/02/2017 Referred to

No related bill information was received for H.R.1360.


Latest Summary (1)

There is one summary for H.R.1360. View summaries

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.