PRIA Logo™
115-hr-3221115th Congress

Securing Access to Affordable Mortgages Act

Sponsored By: Representative Kustoff, David [R-TN-8]

Unknown

Summary

Securing Access to Affordable Mortgages Act This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years. The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Kustoff, David [R-TN-8]

TN • R

Cosponsors

  • Rep. Luetkemeyer, Blaine [R-MO-3]

    MO • R

    Sponsored 7/13/2017

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 11/14/2017

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation