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H.R. 2954: Home Mortgage Disclosure Adjustment Act

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About the bill

Source: Republican Policy Committee

H.R. 2954 amends the Home Mortgage Disclosure Act of 1975 (HMDA) to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years:

  • Fewer than 500 closed-end mortgage loans; and
  • Fewer than 500 open-end lines of credit.

Additionally, the bill lessens requirements for depository institutions to itemize and disclose specified mortgage loan data including the number and dollar amount of mortgage loans groups according to measurements of certain fees and costs, and the number and dollar amount ...

Sponsor and status

Tom Emmer

Sponsor. Representative for Minnesota's 6th congressional district. Republican.

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Last Updated: Jan 19, 2018
Length: 3 pages
Introduced:

Jun 20, 2017

Status:

Passed House (Senate next) on Jan 18, 2018

This bill passed in the House on January 18, 2018 and goes to the Senate next for consideration.

Prognosis:

3% chance of being enacted according to Skopos Labs (details)

History

Jun 20, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Oct 11, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 12, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jan 8, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Jan 18, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 2954 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.

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“H.R. 2954 — 115th Congress: Home Mortgage Disclosure Adjustment Act.” www.GovTrack.us. 2017. September 25, 2018 <https://www.govtrack.us/congress/bills/115/hr2954>

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.