H.R. 5614 · 116th Congress
Affordable Homeownership Access Act
- Stage
- In committee
- Sponsor
- Vicente Gonzalez
- Introduced
- 2020-01-15
- Latest action
- 2020-01-15 · Introduced in House
Summary
Affordable Homeownership Access Act
This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.