Access to Affordable Mortgages Act of 2014
Latest action · Jul 30, 2014 Ordered to be Reported by the Yeas and Nays: 31 - 23.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 17, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors
Members who signed on, in the order they did.
Actions 5
Everything that happened, newest first.
- Jul 30, 2014Committee Consideration and Mark-up Session Held.
- Jul 30, 2014Ordered to be Reported by the Yeas and Nays: 31 - 23.
- Jul 17, 2014Introduced in House
- Jul 17, 2014Referred to the House Committee on Financial Services.
- Jul 15, 2014Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Accounting and auditing
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Business records
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Housing and Community Development
- Housing finance and home ownership
- Real estate business
Text 1
Each version as it was printed, newest first.
- Jul 17, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.