Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
118TH CONGRESS
1ST SESSION H. R. 2481
To amend the Truth in Lending Act to include retailers of manufactured
or modular homes in the definition of mortgage originator, and for
other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 6, 2023
Ms. BONAMICI (for herself, Mr. GARCI´A of Illinois, Ms. LEE of California, Mr.
HUFFMAN, Mr. GRIJALVA, Mr. BLUMENAUER, Ms. TLAIB, Ms. NORTON,
Mr. CASAR, and Ms. SALINAS) introduced the following bill; which was
referred to the Committee on Financial Services
A BILL
To amend the Truth in Lending Act to include retailers
of manufactured or modular homes in the definition of
mortgage originator, and for other purposes.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Fair Manufactured
4
Housing Lending Act’’.
5
VerDate Sep 11 2014
22:43 Apr 13, 2023
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2481.IH
H2481
pbinns on DSKJLVW7X2PROD with $$_JOB
2
•HR 2481 IH
SEC. 2. INCLUSION OF RETAILERS OF MANUFACTURED OR
1
MODULAR HOMES IN THE DEFINITION OF
2
MORTGAGE ORIGINATOR.
3
Section 103(dd)(2)(C) of the Truth in Lending Act
4
(15 U.S.C. 1602(dd)(2)(C)) is amended—
5
(1) by striking ‘‘any person’’ and all that fol-
6
lows through ‘‘not otherwise’’ and inserting ‘‘any
7
person who is not otherwise’’;
8
(2) by striking ‘‘; or’’ and inserting a semicolon;
9
and
10
(3) by striking clause (ii).
11
Æ
VerDate Sep 11 2014
22:43 Apr 13, 2023
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H2481.IH
H2481
pbinns on DSKJLVW7X2PROD with $$_JOB