Protecting residents of manufactured housing by leading the Fair Manufactured Housing Lending Act to prevent retailers of manufactured homes from using predatory tactics to lock homeowners into high interest loans
Lead the Fair Manufactured Housing Lending Act to stop predatory lending in manufactured housing.
Occurrences
Evidence
unverified · Source version 58368 · locator unknown
Sponsor: Rep. Bonamici, Suzanne [D-OR-1] (Introduced 04/06/2023)
unverified · Source version 58368 · locator unknown
Latest Action: House - 04/06/2023 Referred to the House Committee on Financial Services.
unverified · Source version 58368 · locator unknown
This bill has the status Introduced
unverified · Source version 58368 · locator unknown
This bill requires a manufactured or modular home retailer to comply with consumer mortgage protections, including those related to lending origination and conflicts of interest.
verified · Source version 58354 · locator 2370
Protecting residents of manufactured housing by leading the Fair Manufactured Housing Lending Act to prevent retailers of manufactured homes from using predatory tactics to lock homeowners into high interest loans.
verified · Source version 58370 · locator 1247
Mr. Merkley (for himself, Mr. Hickenlooper, and Mr. Welch) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
Assessments
The verified commitment is to lead the Fair Manufactured Housing Lending Act to prevent predatory manufactured-home lending. Verified evidence supports ongoing effort by Bonamici, but not enactment or an achieved prevention outcome. The only verified bill-status evidence provided is a related Senate bill introduced by Merkley, Hickenlooper, and Welch and referred to committee, which does not show Bonamici delivered the outcome. With no verified enacted law or expired deadline, the promise remains unresolved rather than delivered or never.