US S1310

Bill

Home Mortgage Disclosure Adjustment Act

Introduced
06/07/2017

In Committee
06/07/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Home Mortgage Disclosure Adjustment Act This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years.

AI Summary

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt certain depository institutions from the requirement to maintain records and disclose detailed loan data. Specifically, the bill exempts depository institutions that originated fewer than 500 closed-end mortgage loans or open-end lines of credit in each of the two preceding calendar years. This change aims to reduce the reporting burden on smaller lenders while still maintaining the core transparency and reporting requirements of the Home Mortgage Disclosure Act.

Committee Categories

Housing and Urban Affairs

Sponsors (8)

Mike Rounds (R)*, Steve Daines (R), Joe Donnelly (D), Michael Enzi (R), Heidi Heitkamp (D), John Hoeven (R), John Neely Kennedy (R), Jon Tester (D),

Last Action

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81. (on 06/08/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/1310/all-info

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/1310/all-info
BillText	https://www.congress.gov/115/bills/s1310/BILLS-115s1310is.pdf
Bill	https://www.congress.gov/115/bills/s1310/BILLS-115s1310is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR2954	Home Mortgage Disclosure Adjustment Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HRes693	Providing for consideration of the bill (H.B. 3326) to increase accountability, combat corruption, and strengthen management effectiveness at the World Bank, and providing for consideration of the bill (H.B. 2954) to amend the Home Mortgage Disclosure Act of 1975 to specify which depository institutions are subject to the maintenance of records and disclosure requirements of such Act, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill > S1310

US S1310

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary