Portfolio Lending and Mortgage Access Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 11, 2013)
Portfolio Lending and Mortgage Access Act - Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage.
Treats as a qualified mortgage any residential mortgage loan made by a creditor so long as it appears on the creditor's balance sheet (held on portfolio).
What just happenedSep 16, 2014
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
- Introduced in HouseJul 11, 2013
- Sep 16, 2014Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - May 22, 2014Committee
Ordered to be Reported by the Yeas and Nays: 36 - 23.
Financial Services Committee - May 22, 2014Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Jul 11, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 11, 2013IntroReferralIntro-H
Introduced in House
- Jul 11, 2013IntroReferral1000
Introduced in House