Bill Sponsor
House Bill 1360
115th Congress(2017-2018)
Seller Finance Enhancement Act
Introduced
Introduced
Introduced in House on Mar 2, 2017
Overview
Text
Introduced
Mar 2, 2017
Latest Action
Mar 2, 2017
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
1360
Congress
115
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Seller Finance Enhancement Act

This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person.

The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.

Text (1)
March 2, 2017
Actions (2)
03/02/2017
Referred to the House Committee on Financial Services.
03/02/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:45 PM