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Affordable Homeownership Access Act

2/9/2022, 1:42 AM

Congressional Summary of HR 5614

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.

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Current Status of Bill HR 5614

Bill HR 5614 is currently in the status of Bill Introduced since January 15, 2020. Bill HR 5614 was introduced during Congress 116 and was introduced to the House on January 15, 2020.  Bill HR 5614's most recent activity was Referred to the House Committee on Financial Services. as of January 15, 2020

Bipartisan Support of Bill HR 5614

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
1
Republican Cosponsors
5
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5614

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Congressional oversight
- Credit and credit markets
- Government studies and investigations
- Housing finance and home ownership
- Licensing and registrations
- Real estate business

Alternate Title(s) of Bill HR 5614

Affordable Homeownership Access Act
To exempt small seller financers from certain licensing requirements.
Affordable Homeownership Access Act

Comments

Sponsors and Cosponsors of HR 5614

Vicente Gonzalez
Vicente Gonzalez
TexasDemocrat
Alexander X. Mooney
Alexander X. Mooney
West VirginiaRepublican
Lance Gooden
Lance Gooden
TexasRepublican
Henry Cuellar
Henry Cuellar
TexasDemocrat
Tim Burchett
Tim Burchett
TennesseeRepublican

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