United States · Bill · S
S. 2013 (115th)
Portfolio Lending and Mortgage Access Act
Introduced
26 October 2017
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Portfolio Lending and Mortgage Access Act This bill amends the Truth in Lending Act to modify provisions related to residential mortgage loans. In general, a creditor that is a depository institution shall not be subject to suit for violating specified ability-to-pay requirements with respect to a residential mortgage loan if: (1) the creditor has consistently held the loan on its balance sheet, and (2) prepayment penalties associated with the loan comply with specified limitations. Similarly, a mortgage originator shall not be subject to suit for such a violation if: (1) the creditor is a depository institution; and (2) the creditor informs the mortgage originator, which informs the consumer, that the creditor intends to hold the loan on its balance sheet for the life of the loan.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 26 October 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 26 October 2017
Introduced in Senate
summary · EN · 26 October 2017
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/2013
- Open data entity: https://api.congress.gov/v3/bill/115/s/2013