115th Congress > House > Vote 649

Date: December 01, 2017

Result: 193-227 (Failed)

Clerk session vote number: 650

Sponsor: BARR, Garland H. (Andy), IV (R-KY)

Bill number: HR1699

Question: On Motion to Recommit with Instructions

Description: Preserving Access to Manufactured Housing Act

Bill summary: Preserving Access to Manufactured Housing Act of 2017 This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act. In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.

Bill titles: To amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage, to amend the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to modify the definition of a loan originator, and for other purposes.

Links for more info on the vote: congress.gov

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