H.R.2954 - Home Mortgage Disclosure Adjustment Act115th Congress (2017-2018)
|Sponsor:||Rep. Emmer, Tom [R-MN-6] (Introduced 06/20/2017)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Meetings:||01/16/18 5:00PM|
|Committee Reports:||H. Rept. 115-485|
|Latest Action:||Senate - 01/19/2018 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.2954 — 115th Congress (2017-2018)All Information (Except Text)
Passed House amended (01/18/2018)
Home Mortgage Disclosure Adjustment Act
(Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years.
(Sec. 3) The amount deposited in the Securities and Exchange Commission Reserve Fund for FY2018 may not exceed $48 million.