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H.R. 2948 · 115th Congress

To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators…

Full title

To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

What it does: CRS summary · Reported to House without amendment · Feb 13, 2018

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(Sec. 1) This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution.

(Sec. 2) The bill revises the Act's civil liability immunity provisions.

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

About this bill and sources

Official title: To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.

Latest action (Feb 13, 2018): Placed on the Union Calendar, Calendar No. 414.

Policy area: Housing and Community Development · Origin: House · Introduced: Jun 20, 2017

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

No recorded floor vote found.