3.0.0 5148 2023-01-11T13:25:58Z 2023-01-11T13:25:58Z House H HR 2014-07-17 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 5148.Congress has the power to enact this legislation pursuantto the following:Additionally, Article 1, Section 7, Clause 2 of theConstitution allows for every bill passed by the House ofRepresentatives and the Senate and signed by the President tobe codified into law; and therefore implicitly allowsCongress to repeal any bill that has been passed by bothchambers and signed into law by the President.[Page H6399]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2014-07-15T13:16:48Z Markup by 2014-07-30T19:06:27Z Referred to 2014-07-17T13:02:25Z 2014-07-30 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 31 - 23. Committee 2014-07-30 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-07-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-07-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-17 Introduced in House IntroReferral 1000 9 Library of Congress 2014-07-15 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral. Committee L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N Housing and Community Development Accounting and auditing Administrative law and regulatory procedures Banking and financial institutions regulation Business records Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Housing finance and home ownership Real estate business Housing and Community Development 00 2014-07-17 Introduced in House 2014-09-03T21:41:49Z Access to Affordable Mortgages Act of 2014 - Amends the Truth in Lending Act to exempt from property appraisal requirements certain higher-risk mortgage loans of $250,000 or less if such a loan appears on the balance sheet of the creditor of the loan for at least three years.

Exempts certain individuals required to make such reports from penalties for failure to report any appraisers reasonably suspected of failing to comply with the Uniform Standards of Professional Appraisal Practice, of violating applicable laws, or of otherwise engaging in unethical or unprofessional conduct.

Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt such higher-risk mortgage loans from property appraisal or evaluation standard requirements.

]]> Access to Affordable Mortgages Act of 2014 Display Title Access to Affordable Mortgages Act of 2014 Official Title as Introduced To amend the Truth in Lending Act to exempt certain higher-risk mortgages from property appraisal requirements and to exempt individuals from penalties for failure to report certain appraisers, and to amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt certain higher-risk mortgages from property appraisal requirements, and for other purposes. Introduced in House IH Short Titles as Introduced Access to Affordable Mortgages Act of 2014 Introduced in House 2014-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5148ih/xml/BILLS-113hr5148ih.xml 2014-07-30 Ordered to be Reported by the Yeas and Nays: 31 - 23. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.