Portfolio Lending and Mortgage Access Act

Summary

Portfolio Lending and Mortgage Access Act This bill amends the Truth in Lending Act to create a safe harbor from lawsuit for creditors that are insured depository institutions for any failure to comply with certain requirements with respect to a residential mortgage loan, and the banking regulators are required to treat such a loan as a qualified mortgage, if the creditor has, since the loan's origination, held it on its balance sheet and all prepayment penalties with respect to the loan comply with specified limitations. A safe harbor from lawsuit is also created for mortgage originators for steering a consumer to a residential mortgage loan if: the creditor is an insured depository institution and has informed the mortgage originator that it intends to hold the loan on its balance sheet for the life of the loan, and the mortgage originator informs the consumer that the creditor intends to do so.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 February 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 26 February 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 February 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 February 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 February 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 February 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 26 February 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Sponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Sponsor
• Rep. Fincher, Stephen Lee [R-TN-8] · R · Sponsor
• Rep. Dold, Robert J. [R-IL-10] · R · Sponsor
• Rep. Tipton, Scott R. [R-CO-3] · R · Sponsor
• Rep. Hill, J. French [R-AR-2] · R · Sponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Sponsor
• Rep. Rothfus, Keith J. [R-PA-12] · R · Sponsor
• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Sponsor
• Rep. Stivers, Steve [R-OH-15] · R · Sponsor
• Rep. King, Peter T. [R-NY-2] · R · Sponsor
• Rep. Hultgren, Randy [R-IL-14] · R · Sponsor
• Rep. Duffy, Sean P. [R-WI-7] · R · Sponsor
• Rep. Stutzman, Marlin A. [R-IN-3] · R · Sponsor
• Rep. Guinta, Frank C. [R-NH-1] · R · Sponsor
• Rep. Ribble, Reid J. [R-WI-8] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← CLEARR Act of 2015
• related to ← Portfolio Lending and Mortgage Access Act
• related to ← American Jobs and Community Revitalization Act of 2015
• related to ← Portfolio Lending and Mortgage Access Act
• related to ← Financial CHOICE Act of 2016