H.R.2673: Portfolio Lending and Mortgage Access Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Andy Barr, R-Ky.
Total Cosponsors 55 (4 Democrats, 51 Republicans)
Introduced July 11, 2013
Latest Major Action Sept. 16, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Portfolio Lending and Mortgage Access Act - Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage.

Treats as a qualified mortgage any residential mortgage loan made by a creditor so long as it appears on the creditor's balance sheet (held on portfolio).

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 16, 2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 22, 2014 Ordered to be Reported by the Yeas and Nays: 36 - 23.
May 22, 2014 Committee Consideration and Mark-up Session Held.
July 11, 2013 Referred to the House Committee on Financial Services.