News Column

Rep. Luetkemeyer Introduces Bill to Exempt Certain Higher-Risk Mortgages from Property Appraisal Requirements

July 22, 2014



by MERLY LAPIG Targeted News Service

WASHINGTON, July 22 -- Rep. Blaine Luetkemeyer, R-Mo., has introduced legislation (H.R. 5148) to "amend the Truth in Lending Act to exempt certain higher-risk mortgages from property appraisal requirements and to exempt individuals from penalties for failure to report certain appraisers, and to amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt certain higher-risk mortgages from property appraisal requirements."

The bill was introduced on July 17.

The legislation was referred to the House Financial Services Committee.

The full text of the bill is available from the Library of Congress Thomas legislative website. To access the bill, go to http://thomas.loc.gov/home/LegislativeData.php?&n=BillText. For more information about congressional legislation and services offered by Targeted News Service to track issues, key words or members of Congress who introduce or co-sponsor legislation, please contact editor@targetednews.com or call 703/304-1897.

For more information about Targeted News Service products and services, please contact: Myron Struck, editor, Targeted News Service, Springfield, Va., 703/304-1897; editor@targetednews.com; http://targetednews.com.

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Source: Targeted News Service


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