HR 2673 · 113th Congress · Finance and Financial Sector

Portfolio Lending and Mortgage Access Act

Introduced 2013-07-11· Sponsored by Rep. Barr, Andy [R-KY-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held.(2014-09-16)

Plain Language Summary

[AI summary unavailable — showing source text] Portfolio Lending and Mortgage Access Act - Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage. Treats as a qualified mortgage any residential mortgage loan made by a creditor so long as it appears on the creditor's balance sheet (held on portfolio).…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 2673, Portfolio Lending and Mortgage Access Act

Sep 3, 2014

As ordered reported by the House Committee on Financial Services on May 22, 2014

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

20 Republicans
Rep. Luetkemeyer, Blaine [R-MO-3]MO
Rep. Miller, Gary G. [R-CA-31]CA
Rep. Hultgren, Randy [R-IL-14]IL
Rep. Griffin, Tim [R-AR-2]AR
Rep. Womack, Steve [R-AR-3]AR
Rep. Jenkins, Lynn [R-KS-2]KS
Rep. McAllister, Vance M. [R-LA-5]LA
Rep. Farenthold, Blake [R-TX-27]TX
Rep. Duffy, Sean P. [R-WI-7]WI
Rep. Johnson, Bill [R-OH-6]OH
Rep. Long, Billy [R-MO-7]MO
Rep. Bridenstine, Jim [R-OK-1]OK
Rep. Lucas, Frank D. [R-OK-3]OK
Rep. Cramer, Kevin [R-ND-At Large]ND
Rep. Black, Diane [R-TN-6]TN
Rep. Ellmers, Renee L. [R-NC-2]NC
Rep. Daines, Steve [R-MT-At Large]MT
Rep. Cole, Tom [R-OK-4]OK
Rep. Mullin, Markwayne [R-OK-2]OK
Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]TN