3.0.0 2641 2023-01-11T13:25:46Z 2023-01-11T13:25:46Z Senate S S 2014-07-22 113 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2014-07-22T21:06:48Z Portfolio Lending and Mortgage Access Act 113 2673 HR 2014-09-16 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2014-07-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2014-07-22 Sponsor introductory remarks on measure. (CR S4708) IntroReferral B00100 9 Library of Congress 2014-07-22 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N Finance and Financial Sector Consumer credit Housing finance and home ownership Finance and Financial Sector 00 2014-07-22 Introduced in Senate 2014-08-04T19:06:16Z Amends the Truth in Lending Act with respect to the permission that a creditor may presume that a residential mortgage loan has met the requirement that, at the time the loan is consummated, the consumer has a reasonable ability to repay it, if the loan is a qualified mortgage.

Treats as a qualified mortgage any residential mortgage loan made by a creditor having less than $10 billion in total assets, so long as it appears on the creditor's balance sheet (held on portfolio).

]]> A bill to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio qualify and qualified mortgages for purposes of the presumption of the ability to repay requirements under such Act, and for other purposes. Display Title A bill to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio qualify and qualified mortgages for purposes of the presumption of the ability to repay requirements under such Act, and for other purposes. Official Title as Introduced A bill to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio qualify and qualified mortgages for purposes of the presumption of the ability to repay requirements under such Act, and for other purposes. Introduced in Senate IS Introduced in Senate 2014-07-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2641is/xml/BILLS-113s2641is.xml 2014-07-22 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.