H.R.1699 - Preserving Access to Manufactured Housing Act of 2017115th Congress (2017-2018)
|Sponsor:||Rep. Barr, Andy [R-KY-6] (Introduced 03/23/2017)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 115-416|
|Latest Action:||Senate - 12/04/2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There have been 2 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.1699 — 115th Congress (2017-2018)All Information (Except Text)
Passed House amended (12/01/2017)
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Preserving Access to Manufactured Housing Act of 2017
(Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.
(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.