Bill > S682

Introduced Session

Preserving Access to Manufactured Housing Act of 2015 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. Revises the definition of "high cost mortgage."

Committee Categories

Joe Donnelly (D)*,  Lamar Alexander (R),  Kelly Ayotte (R),  John Boozman (R),  Shelley Moore Capito (R),  Daniel Coats (R),  Thad Cochran (R),  Bob Corker (R),  Tom Cotton (R),  Mike Crapo (R),  Steve Daines (R),  Joni Ernst (R),  Jeff Flake (R),  Chuck Grassley (R),  John Hoeven (R),  James Inhofe (R),  James Lankford (R),  Joe Manchin (I),  John McCain (R),  Rand Paul (R),  Gary Peters (D),  Rob Portman (R),  Jim Risch (R),  Marco Rubio (R),  Tim Scott (R),  Jeff Sessions (R),  Pat Toomey (R),  Roger Wicker (R), 

Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 04/16/2015)

Official Document