Home Mortgage Disclosure Adjustment Act

1/11/2023, 1:31 PM

Home Mortgage Disclosure Adjustment Act

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years:

  • fewer than 100 closed-end mortgage loans, and
  • fewer than 200 open-end lines of credit.
Congress
114
Number
HR - 4997
Introduced on
2016-04-20
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

4/20/2016
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Home Mortgage Disclosure Adjustment Act

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years:

  • fewer than 100 closed-end mortgage loans, and
  • fewer than 200 open-end lines of credit.
Alternative Names
Official Title as IntroducedTo amend the Home Mortgage Disclosure Act of 1975 to specify which depository institutions are subject to the maintenance of records and disclosure requirements of such Act, and for other purposes.
Policy Areas
Finance and Financial Sector
Potential Impact
Banking and financial institutions regulation•
Business records•
Consumer credit•
Housing finance and home ownership

Comments

Related

Member:  Mick Mulvaney
Member:  Frank C. Guinta
Bill Update Alert:  Financial CHOICE Act of 2016

Recent Activity

Latest Summary7/25/2016

Home Mortgage Disclosure Adjustment Act

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each o...

Latest Action4/20/2016
Referred to the House Committee on Financial Services.