S 682 · 114th Congress · Housing and Community Development
Preserving Access to Manufactured Housing Act of 2015
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-49.(2015-04-16)
Plain Language Summary
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Preserving Access to Manufactured Housing Act of 2015 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. Revises the definition of "high cost mortgage."…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
2 Democrats18 Republicans