Congress 114 - HR 650 - Preserving Access to Manufactured Housing Act of 2015

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Cosponsors

Topics

Banking and financial institutions regulation Housing and Community Development Housing finance and home ownership Housing industry and standards Interest, dividends, interest rates Real estate business Retail and wholesale trades

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Summary

(This measure has not been amended since it was introduced. The summary of has been expanded because action occurred on the measure.)

Preserving Access to Manufactured Housing Act of 2015

(Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs).

Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction.

(Sec. 3) Revises the definition of "high cost mortgage."

Actions

Apr 15, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 14, 2015

Motion to reconsider laid on the table Agreed to without objection.
Apr 14, 2015

On passage Passed by the Yeas and Nays: 263 - 162 (Roll no. 151). (text: CR H2178)
Apr 14, 2015

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 263 - 162 (Roll no. 151).(text: CR H2178)
Apr 14, 2015

On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 239 (Roll no. 150).
Apr 14, 2015

DEBATE - The House proceeded with 10 minutes of debate on the Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to ensure that the underlying legislation does not benefit lenders or individuals that have engaged in unfair, deceptive, predatory, or abusive lending practices, or have been convicted of mortgage fraud, pending reservation of a point of order. Subsequently, the reservation of a point of order was removed.
Apr 14, 2015

Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H2194-2196)
Apr 14, 2015

Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 resumed.
Apr 14, 2015

Considered as unfinished business. (consideration: CR H2194-2197)
Apr 14, 2015

POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, further proceedings on H.R. 650 was postponed.
Apr 14, 2015

The previous question was ordered pursuant to the rule. (consideration: CR H2188)
Apr 14, 2015

DEBATE - Pursuant to the provisions of H. Res. 189, the House proceeded with one hour of debate on H. R. 650.
Apr 14, 2015

Considered under the provisions of rule H. Res. 189. (consideration: CR H2178-2188)
Apr 13, 2015

Rules Committee Resolution H. Res. 189 Reported to House. Resolution provides for consideration of 3 measures: H.R. 650; H.R. 685; and S. Con. Res. 11.
Apr 6, 2015

Placed on the Union Calendar, Calendar No. 34.
Apr 6, 2015

Reported by the Committee on Financial Services. H. Rept. 114-53.
Mar 26, 2015

Ordered to be Reported by the Yeas and Nays: 43 - 15.
Mar 26, 2015

Committee Consideration and Mark-up Session Held.
Mar 25, 2015

Committee Consideration and Mark-up Session Held.
Feb 3, 2015

Sponsor introductory remarks on measure. (CR E157)
Feb 2, 2015

Referred to the House Committee on Financial Services.
Feb 2, 2015

Introduced in House

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