H.R. 3849 · 112th Congress
Preserving Access to Manufactured Housing Act
- Stage
- In committee
- Sponsor
- Stephen Fincher
- Introduced
- 2012-01-31
- Latest action
- 2012-02-09 · Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Summary
Preserving Access to Manufactured Housing Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exclude a seller of manufactured homes from the definition of loan originator subject to such Act, unless such individual or entity is engaged in the business of a loan originator or receives compensation or gain for engaging in certain residential mortgage loan activities in excess of any compensation or gain received in a comparable cash transaction.
Amends the Truth in Lending Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to revise the definition of "high cost mortgage."