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114th Congress > House > Vote 150
Clerk session vote number: 151
Sponsor: FINCHER, Stephen Lee (R-TN)
Description: Preserving Access to Manufactured Housing Act
Bill summary: (This measure has not been amended since it was introduced. The summary of has been expanded because action occurred on the measure.)
Preserving Access to Manufactured Housing Act of 2015
(Sec. 2) 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.
(Sec. 3) Revises the definition of "high cost mortgage."
Bill titles: To amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage.
Links for more info on the vote: congress.gov
