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- H.R.5301
H.R.5301: Seller Finance Enhancement Act
About This Bill
- Introduced May 19, 2016
- Latest Major Action May 19, 2016
Bill Sponsor
Bill Cosponsors
17 (3 Democrats, 14 Republicans)
Bill Summary
Seller Finance Enhancement Act This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements any person (other than a depository institution) who: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) only originates residential mortgage loans for property owned by that person. For determining whether a residential mortgage loan meets minimum...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 19, 2016 |
Referred to the House Committee on Financial Services.
|
| May 19, 2016 |
Introduced in the House by Roger Williams (R-Texas) |