S. 1310 · 115th Congress
Home Mortgage Disclosure Adjustment Act
- Stage
- In committee
- Sponsor
- Mike Rounds
- Introduced
- 2017-06-07
- Latest action
- 2017-06-08 · Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.
Summary
Home Mortgage Disclosure Adjustment Act
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.