Securing Access to Affordable Mortgages Act
This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.
The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-03-08 | Calendars | Placed on the Union Calendar, Calendar No. 448. | House floor actions |
| 2018-03-08 | Committee | Reported by the Committee on Financial Services. H. Rept. 115-590. | House floor actions |
| 2017-11-15 | Committee | Ordered to be Reported by the Yeas and Nays: 32 - 26. | House committee actions |
| 2017-11-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-07-13 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-07-13 | IntroReferral | Introduced in House | Library of Congress |
| 2017-07-12 | Committee | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral. | House committee actions |