HR 5614 · 116th Congress · Finance and Financial Sector
Affordable Homeownership Access Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2020-01-15)
Plain Language Summary
[AI summary unavailable — showing source text]
Affordable Homeownership Access Act This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
1 Democrat5 Republicans