Bill > HR4521

Introduced Session

Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less. Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.

AI Summary

Committee Categories

Blaine Luetkemeyer (R)*,  Spencer Bachus (R),  Andy Barr (R),  John Barrow (D),  Diane Black (R),  Jim Bridenstine (R),  Bill Cassidy (R),  Jason Chaffetz (R),  Jim Cooper (D),  Tom Cotton (R),  Kevin Cramer (R),  Steve Daines (R),  Renee Ellmers (R),  Blake Farenthold (R),  Stephen Fincher (R),  Tim Griffin (R),  Gregg Harper (R),  Randy Hultgren (R),  Lynn Jenkins (R),  Walter Jones (R),  James Lankford (R),  Billy Long (R),  Frank Lucas (R),  Vance McAllister (R),  Patrick McHenry (R),  Mark Meadows (R),  Gary Miller (R),  Randy Neugebauer (R),  Kristi Noem (R),  Richard Nugent (R),  Alan Nunnelee (R),  Robert Pittenger (R),  Dennis Ross (R),  Pete Sessions (R),  Chris Stewart (R),  Steve Stivers (R),  Steve Womack (R), 

Ordered to be Reported by the Yeas and Nays: 43 - 16. (on 05/22/2014)

Official Document