S. 3484 · 112th Congress
Preserving Access to Manufactured Housing Act
- Stage
- In committee
- Sponsor
- Sherrod Brown
- Introduced
- 2012-08-02
- Latest action
- 2012-08-02 · Introduced in Senate
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 to revise the definition of "high cost mortgage."