S.682 - Preserving Access to Manufactured Housing Act of 2015114th Congress (2015-2016) |
| Sponsor: | Sen. Donnelly, Joe [D-IN] (Introduced 03/10/2015) |
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| Committees: | Senate - Banking, Housing, and Urban Affairs |
| Latest Action: | 04/16/2015 Committee on Banking, Housing, and Urban Affairs. Hearings held. (All Actions) |
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This bill has the status Introduced
Here are the steps for Status of Legislation:
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Subject — Policy Area:
- Housing and Community Development
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Summary (1)
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Text (1)
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Actions (2)
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Titles (2)
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Amendments (0)
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Cosponsors (27)
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Committees (1)
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Related Bills (3)
Summary: S.682 — 114th Congress (2015-2016)All Bill Information (Except Text)
There is one summary for S.682. Bill summaries are authored by CRS.
Shown Here:
Introduced in Senate (03/10/2015)
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."