Proposal:Self-Employed Mortgage Access Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 540
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Self-Employed Mortgage Access Act of 2019

This bill allows creditors to use certain alternative standards when evaluating an applicant's ability to pay for purposes of obtaining a home mortgage.

Bill Title

Self-Employed Mortgage Access Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-02-25: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2019-02-25: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.