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Proposal:Affordable Homeownership Access Act

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.
Geographic Scope
National

Description

Affordable Homeownership Access Act

This bill exempts from certain mortgage licensing and registration requirements a person (other than a depository institution) who engages in seller financing. Seller financers (1) originate a limited number of mortgage loans in a year that are each under a certain value, and (2) only originate mortgages with respect to property owned by the seller financer.

Bill Title

Affordable Homeownership Access Act

Linked Goals

Steps

  • 2020-01-15: Referred to the House Committee on Financial Services.
  • 2020-01-15: Introduced in House
  • 2020-01-15: Introduced in House

Projected Outcome

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