Access to Affordable Mortgages Act of 2014
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 17, 2014)
Access to Affordable Mortgages Act of 2014 - Amends the Truth in Lending Act to exempt from property appraisal requirements certain higher-risk mortgage loans of $250,000 or less if such a loan appears on the balance sheet of the creditor of the loan for at least three years.
Exempts certain individuals required to make such reports from penalties for failure to report any appraisers reasonably suspected of failing to comply with the Uniform Standards of Professional Appraisal Practice, of violating applicable laws, or of otherwise engaging in unethical or unprofessional conduct.
Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt such higher-risk mortgage loans from property appraisal or evaluation standard requirements.
What just happenedJul 30, 2014
Ordered to be Reported by the Yeas and Nays: 31 - 23.
Who’s behind it
- Introduced in HouseJul 17, 2014
- Jul 30, 2014Committee
Ordered to be Reported by the Yeas and Nays: 31 - 23.
Financial Services Committee - Jul 30, 2014Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Jul 17, 2014IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 17, 2014IntroReferralIntro-H
Introduced in House
- Jul 17, 2014IntroReferral1000
Introduced in House
- Jul 15, 2014Committee
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Consumer Protection and Financial Institutions Subcommittee