About the bill
H.R. 1699 amends the Truth in Lending Act (15 U.S.C. 1601) to allow for the first mortgage on a homeowner’s principal home to not be considered “high cost” if (1) the mortgage annual percentage rate (APR), at the time of consummation of the loan, does not exceed 10 percent of the average prime offer rate (APOR) (2) the transaction does not exceed $75,000 and, (3) the mortgage points and fees paid to the mortgage originator do not exceed 5 percent of the transaction or $3 ...
Sponsor and status
Sponsor. Representative for Kentucky's 6th congressional district. Republican.
Last Updated: Dec 4, 2017
Length: 5 pages
H.R. 1699 is a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
Civic Impulse. (2018). H.R. 1699 — 115th Congress: Preserving Access to Manufactured Housing Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr1699
“H.R. 1699 — 115th Congress: Preserving Access to Manufactured Housing Act of 2017.” www.GovTrack.us. 2017. January 20, 2018 <https://www.govtrack.us/congress/bills/115/hr1699>
|title=H.R. 1699 (115th)
|accessdate=January 20, 2018
|author=115th Congress (2017)
|date=March 23, 2017
|quote=Preserving Access to Manufactured Housing Act of 2017
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.