News Column

Sen. King Introduces Bill to Clarify Application of Qualified Mortgage Rule to Rural Lenders Under Truth in Lending Act

August 2, 2014

by GEMA VIANA Targeted News Service

WASHINGTON, Aug. 2 -- Sen. Angus King, I-Maine, has introduced legislation (S. 2697) to "amend the Truth in Lending Act to clarify the application of the qualified mortgage rule to rural lenders."

The bill was introduced on July 30 and was co-sponsored by Sen. Mark R Warner, D-Va.

The legislation was referred to the Senate Banking, Housing, and Urban Affairs Committee.

The full text of the bill is available from the Library of Congress Thomas legislative website. To access the bill, go to 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 or call 703/304-1897.

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Source: Targeted News Service

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