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United States · Bill · HR

H.R. 3221 (115th)

Securing Access to Affordable Mortgages Act

openUnited States· United States Congress· EN

Introduced

13 July 2017

Last action

Status

Placed on the Union Calendar, Calendar No. 448.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Securing Access to Affordable Mortgages Act This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years. The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

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Documents

6 official files

Reported in House (text)

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