H.R. 5667: TO EXEMPT SMALL MORTGAGE ORIGINATORS FROM CERTAIN LICENSING REQUIREMENTS AND DEBT-TO-INCOME REQUIREMENTS FOR QUALIFIED MORTGAGES.
Sept 24th, 2014 — The Seller Finance Coalition (SFC) today praised the introduction of the Seller Financing Regulation Reduction Act in the U.S. House of Representatives by Representative Roger Williams (R-TX-25). This legislation is aimed at addressing the unnecessary and overly burdensome federal regulations that threaten the survival of the seller finance industry. H.R. 5667 would relieve seller-financers from the unintended consequences stemming from both the Secure and Fair Enforcement for Licensing (SAFE) Act and the Wall Street Reform and Consumer Protection (Dodd-Frank) Act.
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