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H.R. 4400 · 111th Congress

Nonprofit Mortgage Licensing Clarification Act of 2009

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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

HSD ShulerSponsor
92 cosponsors · 63 D, 29 R
MBD Bean HCR Coble JCD Costa KCR Conaway CCD Carney TCD Childers BDD Delahunt JDD Dingell JAR Ann Emerson VFR Foxx CGD Gonzalez BHD Hill GHR Harper BIR Inglis LJR Jenkins CMD Melancon WMD Minnick RPR Paul TPR Poe MQD Quigley TRD Ryan LSR Smith JTD Tanner MCR Castle NRD Rahall NAD Abercrombie SMR Myrick JBD Baca BED Etheridge MFD Fudge GMD Moore EMD Massa JDR Duncan SKD Kagen JSD Salazar LKD Kissell RNR Neugebauer JWR Wilson RBD Boucher BLR Luetkemeyer TPD Perriello TRR Rooney GKD Butterfield CED Edwards MMD McIntyre VBR Buchanan KED Ellison BED Ellsworth SKD Kosmas DLD Loebsack DPD Price KCR Calvert RCD Carnahan WJR Jones BMD McCollum BMD Miller PMR McHenry MWD Watt PWD Welch JBD Barrow JLD Langevin JMD Marshall EPR Paulsen SRD Rothman PHD Hare DHD Halvorson POR Olson MRD Ross CSD Shea-Porter JTD Tierney FUR Upton AGD Green MHD Hirono TWD Walz RDD DeLauro LDD Doggett DMD Moore BMD Markey END Norton LRD Richardson IRR Ros-Lehtinen TBD Baldwin BGR Guthrie JKR Kline ZWR Wamp SBD Bishop HJD Johnson LDD Davis BSD Stupak MBR Blackburn BGD Gordon LSD Sanchez

23 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Nonprofit Mortgage Licensing Clarification Act of 2009 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to permit a state to exempt from certain registration or licensing requirements any charitable organization exempt from federal tax (including their employees and agents acting as loan originators), if the organization: (1) executes loan originations…

What it does: CRS summary · Introduced in House · Dec 16, 2009

Nonprofit Mortgage Licensing Clarification Act of 2009 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to permit a state to exempt from certain registration or licensing requirements any charitable organization exempt from federal tax (including their employees and agents acting as loan originators), if the organization: (1) executes loan originations in order to promote or facilitate homeownership for certain low-income, disabled, or other disadvantaged persons or families; (2) offers loans at interest rates lower than the bank prime loan rate, or that are no-interest loans or loans with interest rates significantly below those for loans to purchase generally available single-family housing; and (3) does not otherwise engage in the business of a loan originator or mortgage broker.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Nonprofit Mortgage Licensing Clarification Act of 2009

Latest action (Dec 16, 2009): Referred to the House Committee on Financial Services.

Policy area: Housing and Community Development · Origin: House · Introduced: Dec 16, 2009

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.