summary
Introduced
05/24/2018
05/24/2018
In Committee
06/14/2018
06/14/2018
Crossed Over
07/11/2018
07/11/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
BUILD Act Building Up Independent Lives and Dreams Act (Sec. 2) This bill amends the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to allow nonprofit organizations offering mortgage loans for charitable purposes to use certain alternative forms to satisfy disclosure requirements.
AI Summary
This bill, the Building Up Independent Lives and Dreams Act (BUILD Act), amends the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to allow nonprofit organizations offering mortgage loans for charitable purposes to use certain alternative forms to satisfy disclosure requirements. The bill aims to provide regulatory relief to charitable organizations that provide housing assistance.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (5)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/11/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
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