0
0
0
Portfolio Lending and Mortgage Access Act
1/11/2023, 1:28 PM
Congressional Summary of HR 1210
Portfolio Lending and Mortgage Access Act
(Sec. 2) This bill amends the Truth in Lending Act to create a safe harbor from lawsuit for creditors that are depository institutions for any failure to comply with certain requirements with respect to a residential mortgage loan, and the banking regulators are required to treat such a loan as a qualified mortgage, if the creditor has, since the loan's origination, held it on its balance sheet and all prepayment penalties with respect to the loan comply with specified limitations.
A safe harbor from lawsuit is also created for mortgage originators for steering a consumer to a residential mortgage loan if:
- the creditor is a depository institution and has informed the mortgage originator that it intends to hold the loan on its balance sheet for the life of the loan, and
- the mortgage originator informs the consumer that the creditor intends to do so.
Read the Full Bill
Current Status of Bill HR 1210
Bill HR 1210 is currently in the status of Bill Introduced since March 3, 2015. Bill HR 1210 was introduced during Congress 114 and was introduced to the House on March 3, 2015. Bill HR 1210's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of November 19, 2015
Bipartisan Support of Bill HR 1210
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
54Democrat Cosponsors
0Republican Cosponsors
54Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1210
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Civil actions and liability
- Housing finance and home ownership
Alternate Title(s) of Bill HR 1210
Portfolio Lending and Mortgage Access Act
To amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an originating depository institution's portfolio, and for other purposes.
Portfolio Lending and Mortgage Access Act
Portfolio Lending and Mortgage Access Act
Portfolio Lending and Mortgage Access Act
Comments
Sponsors and Cosponsors of HR 1210
Latest Bills
ESTUARIES Act
Bill HR 3962December 13, 2025
Federal Maritime Commission Reauthorization Act of 2025
Bill HR 4183December 13, 2025
National Defense Authorization Act for Fiscal Year 2026
Bill S 1071December 13, 2025
Enduring Justice for Victims of Trafficking Act
Bill S 2584December 13, 2025
Technical Corrections to the Northwestern New Mexico Rural Water Projects Act, Taos Pueblo Indian Water Rights Settlement Act, and Aamodt Litigation Settlement Act
Bill S 640December 13, 2025
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Bill HR 3383December 13, 2025
BOWOW Act of 2025
Bill HR 4638December 13, 2025
Northern Mariana Islands Small Business Access Act
Bill HR 3496December 13, 2025
Wildfire Risk Evaluation Act
Bill HR 3924December 13, 2025
Energy Choice Act
Bill HR 3699December 13, 2025
Portfolio Lending and Mortgage Access Act
Bill S 2995January 11, 2023
Providing for consideration of the bill (H.R. 1210) to amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an originating depository institution's portfolio, and for other purposes; providing for consideration of the bill (H.R 3189) to amend the Federal Reserve Act to establish requirements for policy rules and blackout periods of the Federal Open Market Committee, to establish requirements for certain activities of the Board of Governors of the Federal Reserve System, and to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited, and for other purposes; and providing for proceedings during the period from November 20, 2015, through November 27, 2015.
Bill HRES 529January 11, 2023
Financial CHOICE Act of 2016
Bill HR 5983January 11, 2023
American Jobs and Community Revitalization Act of 2015
Bill HR 1389January 11, 2023
CLEARR Act of 2015
Bill HR 1233January 11, 2023
Portfolio Lending and Mortgage Access Act
Bill HR 1113January 11, 2023