H.R.4400: Nonprofit Mortgage Licensing Clarification Act of 2009

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about housing and community development
  • Introduced Dec. 16, 2009
  • Latest Major Action Dec. 16, 2009

Bill Cosponsors

92 (63 Democrats, 29 Republicans)

Bill Summary

Nonprofit Mortgage Licensing Clarification Act of 2009 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to permit a state to exempt from certain registration or licensing requirements any charitable organization exempt from federal tax (including their employees and agents acting as loan originators), if the organization: (1) executes loan originations in order to promote or facilitate homeownership for certain low-income, disabled, or...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Dec. 16, 2009

Introduced in the House by Heath Shuler (D-N.C.)

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