Seller Finance Enhancement Act
- Last Action
- 3/2/2017
Actions
- 2017-03-02Referred to the House Committee on Financial Services.
- 2017-03-02Introduced in House
- 2017-03-02Introduced in House
CRS Summary
As of 2017-03-02 (00)
Seller Finance Enhancement Act
This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person.
The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.
Cosponsors (20)
- Henry Cuellar (D-TX)
- Andy Barr (R-KY)
- Tom Emmer (R-MN)
- Kenny Marchant (R-TX)
- Scott Tipton (R-CO)
- JOHN CULBERSON (R-TX)
- Brian Babin (R-TX)
- Robert Pittenger (R-NC)
- LAMAR SMITH (R-TX)
- Ted Poe (R-TX)
- SAM GRAVES (R-MO)
- Steve Stivers (R-OH)
- Don Bacon (R-NE)
- Paul Mitchell (R-MI)
- John Ratcliffe (R-TX)
- Bob Gibbs (R-OH)
- Brad Wenstrup (R-OH)
- Robert Latta (R-OH)
- Ted Budd (R-NC)
- Mike Bishop (R-MI)
Subjects
- Banking and financial institutions regulation
- Congressional oversight
- Government studies and investigations
- Housing finance and home ownership
- Licensing and registrations
- Real estate business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.