S 3215 · 114th Congress · Finance and Financial Sector

Home Mortgage Disclosure Adjustment Act

Introduced 2016-07-14· Sponsored by Sen. Rounds, Mike [R-SD]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2016-07-14)

Plain Language Summary

[AI summary unavailable — showing source text] Home Mortgage Disclosure Adjustment Act This bill amends the Home Mortgage Disclosure Act of 1975 to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years: fewer than 100 closed-end mortgage loans, and fewer than 200 open-end lines of credit.…

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