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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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
1Republican Cosponsors
5Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5614
Primary Policy Focus
Finance and Financial SectorPotential 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
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