Congress 115 - HR 2948 - To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.

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Topics

Civil actions and liability Consumer Financial Protection Bureau Government liability Housing and Community Development Housing finance and home ownership Licensing and registrations State and local government operations

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Summary

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

(Sec. 1) This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution.

(Sec. 2) The bill revises the Act's civil liability immunity provisions.

Actions

Feb 13, 2018

Placed on the Union Calendar, Calendar No. 414.
Feb 13, 2018

Reported by the Committee on Financial Services. H. Rept. 115-552.
Dec 13, 2017

Ordered to be Reported by the Yeas and Nays: 60 - 0.
Dec 13, 2017

Committee Consideration and Mark-up Session Held.
Dec 12, 2017

Committee Consideration and Mark-up Session Held.
Jun 20, 2017

Referred to the House Committee on Financial Services.
Jun 20, 2017

Introduced in House

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