Summary of Amendments Submitted to the Rules Committee for H.R. 3971 - Community Institution Mortgage Relief Act of 2017

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

December 5, 2017 11:44 AM

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Sherman (CA)


Lowers the amount of consolidated assets of a creditor eligible for the safe harbor from escrow requirements in the bill from $25,000,000,000 or less to $10,000,000,000 or less; Lowers the number of loans that a mortgage servicer eligible for exemptions and adjustments from the Bureau can service annually from 30,000 or fewer mortgage loans to 20,000 or fewer mortgage loans.