Community Institution Mortgage Relief Act of 2014

Summary

Community Institution Mortgage Relief Act of 2014 - Amends the Truth in Lending Act (TILA) to require the Board of Governors of the Federal Reserve System to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less. Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers that annually service 20,000 or fewer mortgage loans.

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Timeline

1. 30 April 2014

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 30 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 May 2014

   Vote

   Ordered to be Reported by the Yeas and Nays: 43 - 16.

   Source: Committee

5. 22 May 2014

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 April 2014 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 April 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 April 2014

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 April 2014

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• Tom Cotton · R · Cosponsor
• Dennis Ross · R · Cosponsor
• Robert Pittenger · R · Cosponsor
• Randy Hultgren · R · Cosponsor
• Andy Barr · R · Cosponsor
• Patrick McHenry · R · Cosponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Cosponsor
• Steve Stivers · R · Cosponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Cosponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Cosponsor
• Rep. Griffin, Tim [R-AR-2] · R · Cosponsor
• Steve Womack · R · Cosponsor
• Lynn Jenkins · R · Cosponsor
• Kristi Noem · R · Cosponsor
• Rep. Fincher, Stephen Lee [R-TN-8] · R · Cosponsor
• Blake Farenthold · R · Cosponsor
• Rep. McAllister, Vance M. [R-LA-5] · R · Cosponsor
• Frank Lucas · R · Cosponsor
• Kevin Cramer · R · Cosponsor
• Billy Long · R · Cosponsor
• Jim Bridenstine · R · Cosponsor
• JAMES COOPER · D · Cosponsor
• Rep. Ellmers, Renee L. [R-NC-2] · R · Cosponsor
• Steve Daines · R · Cosponsor
• Diane Black · R · Cosponsor
• James Lankford · R · Cosponsor
• WALTER JONES · R · Cosponsor
• Gregg Harper · R · Cosponsor
• Chris Stewart · R · Cosponsor
• Mark Meadows · R · Cosponsor
• Rob Bishop · R · Cosponsor
• Jason Chaffetz · R · Cosponsor
• Pete Sessions · R · Cosponsor
• Rep. Nugent, Richard B. [R-FL-11] · R · Cosponsor
• Rep. Nunnelee, Alan [R-MS-1] · R · Cosponsor
• Bill Cassidy · R · Cosponsor
• Rep. Barrow, John [D-GA-12] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → CLEAR Relief Act of 2013
• related to → Jumpstarting Opportunities with Bold Solutions Act
• related to ← Small Financial Institutions Regulatory Relief Act of 2014