3.0.0 5667 2023-01-11T13:25:31Z 2023-01-11T13:25:31Z House H HR 2014-09-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]Mr. STIVERS: H.R. 5667. Congress has the power to enact thislegislation pursuant to the following:The online version should be corrected to read:[Page H7892]]]> hsba00 Financial Services Committee House Standing Referred to 2014-09-18T13:11:00Z 2014-09-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-09-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-18 Introduced in House IntroReferral 1000 9 Library of Congress W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 N Housing and Community Development Banking and financial institutions regulation Credit and credit markets Housing finance and home ownership Licensing and registrations Real estate business Housing and Community Development 00 2014-09-18 Introduced in House 2014-10-27T18:44:15Z Seller Finance Regulation Reduction Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exempt from certain licensing and registration requirements any person (other than a depository institution) who: (1) has less than $25 million in assets; and (2) only originates residential mortgage loans with respect to property owed by the person, and in an amount of $150,000 or less.

Amends the Truth in Lending Act, with respect to minimum standards for residential mortgage loans, to prohibit, in determining whether a residential mortgage loan is a qualified mortgage, from applying to loans originated by such a person certain guidelines and regulations relating to ratios of total monthly debt to monthly income.

]]> Seller Finance Regulation Reduction Act Display Title Seller Finance Regulation Reduction Act Official Title as Introduced To exempt small mortgage originators from certain licensing requirements and debt-to-income requirements for qualified mortgages. Introduced in House IH Short Titles as Introduced Seller Finance Regulation Reduction Act Introduced in House 2014-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5667ih/xml/BILLS-113hr5667ih.xml 2014-09-18 Referred to the House Committee on Financial Services. 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.