H.R. 2954 · 115th Congress
Home Mortgage Disclosure Adjustment Act
- Stage
- Passed a chamber
- Sponsor
- Tom Emmer
- Introduced
- 2017-06-20
- Latest action
- 2018-01-19 · Motion to reconsider laid on the table Agreed to without objection.
Summary
Home Mortgage Disclosure Adjustment Act
(Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years.
(Sec. 3) The amount deposited in the Securities and Exchange Commission Reserve Fund for FY2018 may not exceed $48 million.