H.R. 1755 · 112th Congress
Home Construction Lending Regulatory Improvement Act of 2011
- Stage
- In committee
- Sponsor
- Gary Miller
- Introduced
- 2011-05-05
- Latest action
- 2012-07-19 · Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Summary
Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.