Summary: H.R.5614 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5614. Bill summaries are authored by CRS.

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Introduced in House (01/15/2020)

Affordable Homeownership Access Act

This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.