Preserving Access to Manufactured Housing Act of 2017

Bill: 115-hr-1699
Sponsor: Rep. Barr, Andy [R-KY-6]
Introduced: 2017-03-23 in the House
Policy area: Housing and Community Development
Subjects: Banking and financial institutions regulation
Housing finance and home ownership
Housing industry and standards
Interest, dividends, interest rates
Real estate business
Retail and wholesale trades

Summary:
action_date: 2017-03-23
text: 

Preserving Access to Manufactured Housing Act of 2017

 
This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.
 
In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA. 

action_date: 2017-11-21
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Preserving Access to Manufactured Housing Act of 2017

 
(Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.
 
(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA. 

action_date: 2017-12-01
text: 
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
 

Preserving Access to Manufactured Housing Act of 2017

 
(Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.
 
(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA. 


Legislative actions:
action_date: 2017-12-04
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2017-12-01
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-12-01
text: On passage Passed by recorded vote: 256 - 163 (Roll no. 651). (text: CR H9573)
action_date: 2017-12-01
text: Passed/agreed to in House: On passage Passed by recorded vote: 256 - 163 (Roll no. 651).(text: CR H9573)
action_date: 2017-12-01
text: On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 227 (Roll no. 650).
action_date: 2017-12-01
text: Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Waters, Maxine (CA) motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to protect consumers from excessive costs and predatory lenders.
action_date: 2017-12-01
text: Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H9583)
action_date: 2017-12-01
text: DEBATE - The House proceeded with one hour of debate on H.R. 1699.
action_date: 2017-12-01
text: Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions.
action_date: 2017-12-01
text: Considered under the provisions of rule H. Res. 635. (consideration: CR H9573-9585)
action_date: 2017-11-30
text: Rule H. Res. 635 passed House.
action_date: 2017-11-29
text: Rules Committee Resolution H. Res. 635 Reported to House. Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions.
action_date: 2017-11-21
text: Placed on the Union Calendar, Calendar No. 308.
action_date: 2017-11-21
text: Reported by the Committee on Financial Services. H. Rept. 115-416.
action_date: 2017-11-21
text: Reported by the Committee on Financial Services. H. Rept. 115-416.
action_date: 2017-10-12
text: Ordered to be Reported by the Yeas and Nays: 42 - 18.
action_date: 2017-10-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-11
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-03-23
text: Referred to the House Committee on Financial Services.
action_date: 2017-03-23
text: Introduced in House
action_date: 2017-03-23
text: Introduced in House