H.R.1360 - Seller Finance Enhancement Act115th Congress (2017-2018) |
|Sponsor:||Rep. Williams, Roger [R-TX-25] (Introduced 03/02/2017)|
|Committees:||House - Financial Services|
|Latest Action:||House - 03/02/2017 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1360 — 115th Congress (2017-2018)All Information (Except Text)
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.