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Bill115th CongressFiled Jul 13, 2017Housing and Community Development
H.R. 3221

Securing Access to Affordable Mortgages Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (Mar 8, 2018)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securing Access to Affordable Mortgages Act

(Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

What just happenedMar 8, 2018

Placed on the Union Calendar, Calendar No. 448.

Who’s behind it

Rep. Kustoff, David [R-TN-8](R-TN)Sponsor
2 cosponsors2 R
Read on Congress.gov
2cosponsors1committees9actions1related bills9subjects
  1. Mar 8, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 448.

  2. Mar 8, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-590.

    Financial Services Committee
  3. Mar 8, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-590.

    Financial Services Committee
  4. Nov 15, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 32 - 26.

    Financial Services Committee
  5. Nov 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jul 13, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. Jul 13, 2017IntroReferralIntro-H

    Introduced in House

  8. Jul 13, 2017IntroReferral1000

    Introduced in House

  9. Jul 12, 2017Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.

    Consumer Protection and Financial Institutions Subcommittee
Reported to House without amendmentMar 8, 201879

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securing Access to Affordable Mortgages Act

(Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

Introduced in HouseJul 13, 2017

Securing Access to Affordable Mortgages Act

This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

Securing Access to Affordable Mortgages Act — Informed