Portfolio Lending and Mortgage Access Act

Summary

Official

Portfolio Lending and Mortgage Access Act (Sec. 2) This bill amends the Truth in Lending Act to allow a depository institution or credit union with assets below a specified threshold to forgo certain ability-to-pay requirements regarding residential mortgage loans. Specifically, those requirements are waived if a loan: (1) is originated by and continuously retained by...

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Bill Progress

Passed House, sent to Senate

Introduced(4/28/17)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Barr

House (R) Kentucky – 6

Cosponsors (20)

Stewart

(R) UT

Amodei

House (R) Nevada

Hultgren

(R) IL

Marchant

(R) TX

Rothfus

(R) PA

Pearce

(R) NM

Luetkemeyer

(R) MO

Poliquin

(R) ME

ROYCE

(R) CA

Emmer

House (R) Minnesota

Topics

Business & Finance

Law & The Judicial System

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 7, 2018