3.0.0 2405 2023-01-11T13:40:26Z 2023-01-11T13:40:26Z Senate S 2018-02-08 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-10-02T14:00:34Z Referred to 2018-02-08T18:59:25Z Clarifying Commercial Real Estate Loans 115 2148 HR 2017-11-08 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS 2018-10-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2018-02-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-02-08 Introduced in Senate IntroReferral 10000 9 Library of Congress C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR N J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2018-02-08 True Finance and Financial Sector Finance and Financial Sector 00 2018-02-08 Introduced in Senate 2018-04-27T17:23:28Z Clarifying Commercial Real Estate Loans

This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan.

An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan.

An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015.

A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

]]> Clarifying Commercial Real Estate Loans Display Title Clarifying Commercial Real Estate Loans Official Title as Introduced A bill to amend the Federal Deposit Insurance Act to clarify capital requirements for certain acquisition, development, or construction loans. Introduced in Senate IS Short Titles as Introduced Clarifying Commercial Real Estate Loans Introduced in Senate 2018-02-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2405is/xml/BILLS-115s2405is.xml 2018-10-02 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.