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A bill to require the Bureau of Consumer Financial Protection to amend its regulations relating to qualified mortgages, and for other purposes.

USA115th CongressS-1315| Senate 
| Updated: 6/8/2017
Heidi Heitkamp

Heidi Heitkamp

Democratic Senator

North Dakota

Cosponsors (2)
Mark R. Warner (Democratic)Rob Portman (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Relationship Lending Preservation Act of 2017 This bill directs the Consumer Financial Protection Bureau to issue regulations that include as a "qualified mortgage" any mortgage loan that: (1) is extended by a Federal Home Loan Bank member that, together with its affiliates, has less than $10 billion in total consolidated assets; (2) meets specified qualifying criteria under the Truth in Lending Act; and (3) is eligible to be purchased by a Federal Home Loan Bank pursuant to regulations of the Federal Housing Finance Agency and requirements established by the bank. Current law provides certain protections for lenders against lawsuits by distressed borrowers with respect to qualified mortgages.
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Timeline
Jun 8, 2017
Introduced in Senate
Jun 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 8, 2017
    Introduced in Senate


  • June 8, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Administrative law and regulatory proceduresConsumer Financial Protection BureauHousing finance and home ownership

A bill to require the Bureau of Consumer Financial Protection to amend its regulations relating to qualified mortgages, and for other purposes.

USA115th CongressS-1315| Senate 
| Updated: 6/8/2017
Relationship Lending Preservation Act of 2017 This bill directs the Consumer Financial Protection Bureau to issue regulations that include as a "qualified mortgage" any mortgage loan that: (1) is extended by a Federal Home Loan Bank member that, together with its affiliates, has less than $10 billion in total consolidated assets; (2) meets specified qualifying criteria under the Truth in Lending Act; and (3) is eligible to be purchased by a Federal Home Loan Bank pursuant to regulations of the Federal Housing Finance Agency and requirements established by the bank. Current law provides certain protections for lenders against lawsuits by distressed borrowers with respect to qualified mortgages.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 8, 2017
Introduced in Senate
Jun 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 8, 2017
    Introduced in Senate


  • June 8, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Heidi Heitkamp

Heidi Heitkamp

Democratic Senator

North Dakota

Cosponsors (2)
Mark R. Warner (Democratic)Rob Portman (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresConsumer Financial Protection BureauHousing finance and home ownership