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."
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-04-15 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2015-04-14 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2015-04-14 | Vote | On passage Passed by the Yeas and Nays: 263 - 162 (Roll no. 151). (text: CR H2178) | House floor actions |
| 2015-04-14 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 239 (Roll no. 150). | House floor actions |
| 2015-04-14 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to ensure that the underlying legislation does not benefit lenders or individuals that have engaged in unfair, deceptive, predatory, or abusive lending practices, or have been convicted of mortgage fraud, pending reservation of a point of order. Subsequently, the reservation of a point of order was removed. | House floor actions |
| 2015-04-14 | Floor | Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H2194-2196) | House floor actions |
| 2015-04-14 | Floor | Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 resumed. | House floor actions |
| 2015-04-14 | Floor | Considered as unfinished business. (consideration: CR H2194-2197) | House floor actions |
| 2015-04-14 | Floor | POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 was postponed. | House floor actions |
| 2015-04-14 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H2188) | House floor actions |
| 2015-04-14 | Floor | DEBATE - Pursuant to the provisions of H. Res. 189, the House proceeded with one hour of debate on H. R. 650. | House floor actions |
| 2015-04-14 | Floor | Considered under the provisions of rule H. Res. 189. (consideration: CR H2178-2188) | House floor actions |
| 2015-04-13 | Floor | Rules Committee Resolution H. Res. 189 Reported to House. Resolution provides for consideration of 3 measures: H.R. 650; H.R. 685; and S. Con. Res. 11. | House floor actions |
| 2015-04-06 | Calendars | Placed on the Union Calendar, Calendar No. 34. | House floor actions |
| 2015-04-06 | Committee | Reported by the Committee on Financial Services. H. Rept. 114-53. | House floor actions |
| 2015-03-26 | Committee | Ordered to be Reported by the Yeas and Nays: 43 - 15. | House committee actions |
| 2015-03-26 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-03-25 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-02-02 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-02-02 | IntroReferral | Introduced in House | Library of Congress |