Access to Affordable Mortgages Act of 2014

Summary

Access to Affordable Mortgages Act of 2014 - Amends the Truth in Lending Act to exempt from property appraisal requirements certain higher-risk mortgage loans of $250,000 or less if such a loan appears on the balance sheet of the creditor of the loan for at least three years. Exempts certain individuals required to make such reports from penalties for failure to report any appraisers reasonably suspected of failing to comply with the Uniform Standards of Professional Appraisal Practice, of violating applicable laws, or of otherwise engaging in unethical or unprofessional conduct. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt such higher-risk mortgage loans from property appraisal or evaluation standard requirements.

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Timeline

1. 15 July 2014

   Committee

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

   Source: Committee

2. 17 July 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 July 2014

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 July 2014

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

5. 30 July 2014

   Vote

   Ordered to be Reported by the Yeas and Nays: 31 - 23.

   Source: Committee

6. 30 July 2014

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 July 2014 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 July 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 July 2014

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 July 2014

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.