H.R. 2673House113th Congress (2013-2015)In Committee

Portfolio Lending and Mortgage Access Act

Legislative Activity

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4 earlier actions

SenateCommittee Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Banking, Housing, and Urban Affairs Committee

September 16, 2014

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HouseIntro Referral

Introduced in House

July 11, 2013

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

July 11, 2013

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

May 22, 2014

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 36 - 23.

Financial Services Committee

May 22, 2014

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Banking, Housing, and Urban Affairs Committee

September 16, 2014

Bill Text

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Introduced in HouseIssued July 11, 2013

113th CONGRESS

1st Session

H. R. 2673

IN THE HOUSE OF REPRESENTATIVES

July 11, 2013

Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Truth in Lending Act to provide that residential mortgage loans held on portfolio qualify as qualified mortgages for purposes of the presumption of the ability to repay requirements under such Act.

Short title

This Act may be cited as the Portfolio Lending and Mortgage Access Act.

Loans held on portfolio treated as qualified mortgages

Section 129C(b)(2) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)) is amended by adding at the end the following:

(F)

Loans held on portfolio

The term qualified mortgage includes a residential mortgage loan made by a creditor so long as such loan appears on the balance sheet of such creditor.