Bill > HR650

Introduced Session

Preserving Access to Manufactured Housing Act of 2015 (Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs). Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction. (Sec. 3) Revises the definition of "high cost mortgage."

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Committee Categories

Stephen Fincher (R)*,  Andy Barr (R),  Diane Black (R),  Marsha Blackburn (R),  Rod Blum (R),  Susan Brooks (R),  Ken Buck (R),  Bradley Byrne (R),  Charles Dent (R),  Scott DesJarlais (R),  Sean Duffy (R),  John Duncan (R),  Michael Fitzpatrick (R),  Chuck Fleischmann (R),  Trent Franks (R),  Paul Gosar (R),  Gregg Harper (R),  French Hill (R),  Rubén Hinojosa (D),  Robert Hurt (R),  Peter King (R),  Ann Kirkpatrick (D),  Frank Lucas (R),  Kenny Marchant (R),  Markwayne Mullin (R),  Mick Mulvaney (R),  Richard Nugent (R),  Steven Palazzo (R),  Stevan Pearce (R),  Scott Perry (R),  Bill Posey (R),  Dennis Ross (R),  Keith Rothfus (R),  Steve Russell (R),  Matt Salmon (R),  David Schweikert (R),  Terri Sewell (D),  Kyrsten Sinema (I),  Steve Stivers (R),  Marlin Stutzman (R),  G.T. Thompson (R),  Jackie Walorski (R),  Ed Whitfield (R),  Roger Williams (R), 

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 04/15/2015)

Official Document