About the bill
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
- Introduced:
Jun 20, 2017
- Status:
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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:
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31% chance of being enacted according to Skopos Labs (details)
History
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Apr 20, 2016
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Earlier Version —
Introduced
This activity took place on a related bill, H.R. 4997 (114th). |
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Jun 20, 2017
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Oct 11, 2017
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Considered by House Committee on Financial Services
A committee held a hearing or business meeting about the bill.
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Oct 12, 2017
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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. |
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Jan 8, 2018
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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. |
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Jan 18, 2018
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. |
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Pending
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Passed Senate
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Pending
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Signed by the President
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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.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
“H.R. 2954 — 115th Congress: Home Mortgage Disclosure Adjustment Act.” www.GovTrack.us. 2017. April 26, 2018 <https://www.govtrack.us/congress/bills/115/hr2954>
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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.
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