Bill Sponsor
House Bill 2954
115th Congress(2017-2018)
Home Mortgage Disclosure Adjustment Act
Active
Amendments
Active
Passed House on Jan 18, 2018
Overview
Text
Sponsor
Introduced
Jun 20, 2017
Latest Action
Jan 19, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2954
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
House Votes (2)
Senate Votes (0)
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
32
House Roll Call Votes
Summary

Home Mortgage Disclosure Adjustment Act

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 1,000 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 2,000 such lines of credit in each of the two preceding years.

In addition, the bill lessens requirements for depository institutions to itemize and disclose specified mortgage loan data.

Text (4)
January 19, 2018
January 18, 2018
January 8, 2018
June 20, 2017
Amendments (1)
Jan 18, 2018
Offered in House
0
Sponsorship
House Amendment 514
Pursuant to the provisions of H.Res. 693 the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in Part B of the Rules Committee report is considered as adopted.
Submitted
Public Record
Record Updated
Jan 11, 2023 1:37:48 PM