H.R. 1255
Home Construction Lending Regulatory Improvement Act of 2013
Referred to the House Committee on Financial Services.
Sponsor
Rep. Miller, Gary G. [R-CA-31]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,255
- Congress
- 113
- Introduced Date
- Mar 19, 2013
- Policy Area
- Housing and Community Development
- Is Law
- No
Referred to the House Committee on Financial Services.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Home Construction Lending Regulatory Improvement Act of 2013 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.
Financial Services Committee
Introduced in House
Mar 19, 2013