HR 1360 · 115th Congress · Housing and Community Development

Seller Finance Enhancement Act

Introduced 2017-03-02· Sponsored by Rep. Williams, Roger [R-TX-25]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Seller Finance Enhancement Act This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements a person (other than a depository institution) that: (1) originates not more than 24 residential mortgage loans in a 12-month period, and (2) originates residential mortgage loans only with respect to property owned by the person. The Department of Housing and Urban Development and the Department of the Treasury shall jointly study and report to Congress on specified issues related to seller financing.…

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

Cosponsors (20)

1 Democrat19 Republicans
Rep. Cuellar, Henry [D-TX-28]TX
Rep. Barr, Andy [R-KY-6]KY
Rep. Emmer, Tom [R-MN-6]MN
Rep. Marchant, Kenny [R-TX-24]TX
Rep. Tipton, Scott R. [R-CO-3]CO
Rep. Culberson, John Abney [R-TX-7]TX
Rep. Babin, Brian [R-TX-36]TX
Rep. Pittenger, Robert [R-NC-9]NC
Rep. Smith, Lamar [R-TX-21]TX
Rep. Poe, Ted [R-TX-2]TX
Rep. Graves, Sam [R-MO-6]MO
Rep. Stivers, Steve [R-OH-15]OH
Rep. Bacon, Don [R-NE-2]NE
Rep. Mitchell, Paul [R-MI-10]MI
Rep. Ratcliffe, John [R-TX-4]TX
Rep. Gibbs, Bob [R-OH-7]OH
Rep. Wenstrup, Brad R. [R-OH-2]OH
Rep. Latta, Robert E. [R-OH-5]OH
Rep. Budd, Ted [R-NC-13]NC
Rep. Bishop, Mike [R-MI-8]MI