Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less.
Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2014-05-22 | Committee | Ordered to be Reported by the Yeas and Nays: 43 - 16. | House committee actions |
| 2014-05-22 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2014-04-30 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2014-04-30 | IntroReferral | Introduced in House | Library of Congress |