HR 3221 · 115th Congress · Housing and Community Development
Securing Access to Affordable Mortgages Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 448.(2018-03-08)
Plain Language Summary
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Securing Access to Affordable Mortgages Act This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years. The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3221, Securing Access to Affordable Mortgages Act
Mar 8, 2018As ordered reported by the House Committee on Financial Services on November 15, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office