Bill113th CongressFiled Jul 30, 2014Finance and Financial Sector
S. 2697
A bill to amend the Truth in Lending Act to clarify the application of the qualified mortgage rule to rural lenders, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jul 30, 2014)
Amends the Truth in Lending Act to limit to a city or town with under 50,000 inhabitants the meaning of "rural" with respect to rural lenders which may presume that the applicant for a residential mortgage loan has a reasonable ability to repay the loan and all applicable taxes, insurance, and assessments.
What just happenedJul 30, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. King, Angus S., Jr. [I-ME](I-ME)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills2subjects
- Introduced in SenateJul 30, 2014
- Jul 30, 2014IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 30, 2014IntroReferral10000
Introduced in Senate