H.R. 5369 · 111th Congress
Manufactured Housing Licensing Clarification Act of 2010
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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.
D
DonnellySponsor9 cosponsors · 4 D, 5 R
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Posey
CW
D
Wilson
BC
D
Chandler
GP
D
Peters
WJ
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Jones
KC
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Calvert
MM
D
McIntyre
EP
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Paulsen
MB
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Bachmann1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Manufactured Housing Licensing Clarification Act of 2010 - Amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to exclude from the definition of "loan originator" (and exempt from the requirements of the Act) an individual who performs manufactured or modular housing retail sales activities and is licensed or registered under state…
What it does: CRS summary · Introduced in House · May 24, 2010
Manufactured Housing Licensing Clarification Act of 2010 - Amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to exclude from the definition of "loan originator" (and exempt from the requirements of the Act) an individual who performs manufactured or modular housing retail sales activities and is licensed or registered under state law, unless such individual is compensated by a lender, a mortgage broker, or other loan originator or by one of their agents.
Adds to state loan originator licensing law requirements new ones declaring that the state loan originator supervisory authority: (1) has created education and testing appropriate for personal property loan originators; and (2) ensures that additional mortgage lending licensing is not required of a state-licensed personal property lender and has not created unnecessary, duplicative licensing requirements for state-licensed lenders engaged solely in making residential mortgage loans secured by personal property, such as manufactured homes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Manufactured Housing Licensing Clarification Act of 2010
Latest action (May 24, 2010): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: May 24, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.