Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.2697
S.2697: A bill to amend the Truth in Lending Act to clarify the application of the qualified mortgage rule to rural lenders, and for other purposes.
About This Bill
- Introduced July 30, 2014
- Latest Major Action July 30, 2014
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Truth in Lending Act to limit to a city or town with under 50,000 inhabitants the meaning of "rural" with respect to rural lenders which may presume that the applicant for a residential mortgage loan has a reasonable ability to repay the loan and all applicable taxes, insurance, and assessments.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2014 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| July 30, 2014 |
Introduced in the Senate by Angus King (ID-Maine) |