United States · Bill · HR
H.R. 162 (114th)
To amend the Truth in Lending Act to allow certain loans that are not fully amortizing to be used in seller carryback financing on residential mortgage loans.
Introduced
6 January 2015
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Amends the Truth in Lending Act to modify the exclusion from the definition of "mortgage originator" of a seller providing mortgage financing of three properties in a 12-month period to remove the requirement that a residential mortgage loan be fully amortizing. (Allows treatment as a mortgage originator of any seller providing mortgage financing of three properties in a 12-month period even if the mortgage loan involved is not fully amortizing.)
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 January 2015
Introduced in House (PDF)
Introduced in House · EN · 6 January 2015
Introduced in House
summary · EN · 6 January 2015
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/house-bill/162
- Open data entity: https://api.congress.gov/v3/bill/114/hr/162