legislation: 115-s-2013
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 115-s-2013 | 115 | s | 2013 | Portfolio Lending and Mortgage Access Act | Finance and Financial Sector | 2017-10-26 | 2017-10-26 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Perdue, David [R-GA] | GA | R | P000612 | 0 | Portfolio Lending and Mortgage Access Act This bill amends the Truth in Lending Act to modify provisions related to residential mortgage loans. In general, a creditor that is a depository institution shall not be subject to suit for violating specified ability-to-pay requirements with respect to a residential mortgage loan if: (1) the creditor has consistently held the loan on its balance sheet, and (2) prepayment penalties associated with the loan comply with specified limitations. Similarly, a mortgage originator shall not be subject to suit for such a violation if: (1) the creditor is a depository institution; and (2) the creditor informs the mortgage originator, which informs the consumer, that the creditor intends to hold the loan on its balance sheet for the life of the loan. | 2023-01-11T13:38:14Z | https://www.congress.gov/bill/115th-congress/senate-bill/2013 |