H.R. 5013 · 117th Congress
Affordable Homeownership Access Act
- Stage
- In committee
- Sponsor
- Vicente Gonzalez
- Introduced
- 2021-08-13
- Latest action
- 2021-08-13 · 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 owner financing. Owner financers (1) originate a limited number of residential mortgage loans in a year, and (2) only originate residential mortgages with respect to property owned by the owner financer.