CLEARR Act of 2017

Summary

Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEARR Act of 2017 This bill exempts small banks from certain mortgage escrow requirements and from mandatory disclosures of loan servicing transfers; exempts small mortgage loans from specified property appraisal requirements; requires federal banking agencies to revise regulations regarding capital requirements for mortgage servicing assets; modifies the authority of the Consumer Financial Protection Bureau (CFPB) over unfair, deceptive, or abusive acts; limits the institutions over which the CFPB has a supervisory role; limits prohibitions on discrimination under the Equal Credit Opportunity Act and the Fair Housing Act to intentional acts; modifies certain mortgage loan recordkeeping and disclosure requirements; limits the authority of a federal banking agency to request or order a deposit institution to terminate a customer account; limits the liability of creditors and mortgage originators for violating certain ability-to-pay requirements; and otherwise modifies provisions related to financial institutions.

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

Timeline

1. 25 April 2017

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 25 April 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 April 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 July 2017

   Committee

   Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 April 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 April 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 April 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 25 April 2017

  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. Luetkemeyer, Blaine [R-MO-3] · R · Sponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Emmer, Tom [R-MN-6] · R · Cosponsor
• Rep. Faso, John J. [R-NY-19] · R · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Sen. Cramer, Kevin [R-ND] · R · Cosponsor
• Rep. Crawford, Eric A. "Rick" [R-AR-1] · R · Cosponsor
• Rep. Hultgren, Randy [R-IL-14] · R · Cosponsor
• Rep. Lewis, Jason [R-MN-2] · R · Cosponsor
• Rep. Rothfus, Keith J. [R-PA-12] · R · Cosponsor
• Rep. Paulsen, Erik [R-MN-3] · R · Cosponsor
• Rep. Pearce, Stevan [R-NM-2] · R · Cosponsor
• Rep. Reed, Tom [R-NY-23] · R · Cosponsor
• Rep. Wittman, Robert J. [R-VA-1] · R · Cosponsor
• Sen. Budd, Ted [R-NC] · R · Cosponsor
• Rep. Harper, Gregg [R-MS-3] · R · Cosponsor
• Rep. Zeldin, Lee M. [R-NY-1] · R · Cosponsor
• Rep. Culberson, John Abney [R-TX-7] · R · Cosponsor
• David Trott · R · Cosponsor
• Rep. Williams, Roger [R-TX-25] · R · Cosponsor
• Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
• Rep. Bost, Mike [R-IL-12] · R · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Loudermilk, Barry [R-GA-11] · R · Cosponsor
• Rep. Mooney, Alexander X. [R-WV-2] · R · Cosponsor
• Rep. Roe, David P. [R-TN-1] · R · Cosponsor
• James Renacci · R · Cosponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Cosponsor
• Rep. Kustoff, David [R-TN-8] · R · Cosponsor
• Rep. Walberg, Tim [R-MI-5] · R · Cosponsor
• Rep. Arrington, Jodey C. [R-TX-19] · R · Cosponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Posey, Bill [R-FL-8] · R · Cosponsor
• Rep. LaHood, Darin [R-IL-16] · R · Cosponsor
• Rep. Womack, Steve [R-AR-3] · R · Cosponsor
• Carlos Curbelo · R · Cosponsor
• Rep. Dunn, Neal P. [R-FL-2] · R · Cosponsor
• Rep. Diaz-Balart, Mario [R-FL-26] · R · Cosponsor
• Rep. Buchanan, Vern [R-FL-16] · R · Cosponsor
• Rep. Hollingsworth, Trey [R-IN-9] · R · Cosponsor
• Rep. DeSantis, Ron [R-FL-6] · R · Cosponsor
• Rep. Carter, John R. [R-TX-31] · R · Cosponsor
• Rep. Yoho, Ted S. [R-FL-3] · R · Cosponsor
• Rep. Webster, Daniel [R-FL-11] · R · Cosponsor
• Rep. Estes, Ron [R-KS-4] · R · Cosponsor
• Rep. Davidson, Warren [R-OH-8] · R · Cosponsor
• Rep. Rutherford, John H. [R-FL-5] · R · Cosponsor

Showing 48 of 57 sponsors and actors.

Related records

• related to → Small Bank Holding Company Relief Act
• related to ← Portfolio Lending and Mortgage Access Act
• related to ← Financial Institution Customer Protection Act of 2017
• related to ← Home Mortgage Disclosure Adjustment Act
• related to ← Securing Access to Affordable Mortgages Act
• related to ← Portfolio Lending and Mortgage Access Act