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S. 3484

BillFederalSenateIn Committee
Preserving Access to Manufactured Housing Act
About This Bill
Committee
Latest Action · August 2, 2012
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
112th (2011–2013)
Introduced
August 2, 2012
Cosponsors (1)
0D 1R
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Summary

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Preserving Access to Manufactured Housing Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exclude a seller of manufactured homes from the definition of loan originator subject to such Act, unless such individual or entity is engaged in the business of a loan originator or receives compensation or gain for engaging in certain residential mortgage loan activities in excess of any compensation or gain received in a comparable cash transaction. Amends the Truth in Lending Act to revise the definition of "high cost mortgage."

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