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U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-416
PRESERVING ACCESS TO MANUFACTURED HOUSING ACT
OF 2017
NOVEMBER 21, 2017.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 1699]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1699) to amend the Truth in Lending Act to modify the
definitions of a mortgage originator and a high-cost mortgage, to
amend the Secure and Fair Enforcement for Mortgage Licensing
Act of 2008 to modify the definition of a loan originator, and for
other purposes, having considered the same, report favorably there-
on without amendment and recommend that the bill do pass.
PURPOSE AND SUMMARY
Introduced by Representative Andy Barr on March 23, 2017,
H.R. 1699, the Preserving Access to Manufactured Housing Act of
2017, amends Section 103 of the Truth in Lending Act (TILA) (15
U.S.C. 1602) to clarify that retailers of manufactured homes, or
their employees, are not mortgage originators for purposes of the
TILA unless these retailers or their employees receive compensa-
tion from a lender, mortgage broker, or loan originator. The bill
also amends the Section 1503 of the Secure and Fair Enforcement
for Mortgage Licensing (SAFE) Act of 2008 (12 U.S.C. 5102) to
specify that such a retailer is generally not a loan originator sub-
ject to requirements under that Act.
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