HR.245 - To Amend The Truth In Lending Act To Allow Certain Loans That Are Not Fully Amortizing To Be Used In Seller Carryback Financing On Residential Mortgage Loans.

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1/14/2013--Introduced. Amends the Truth in Lending Act to modify the exclusion from the definition of "mortgage originator" seller financing of three properties in a 12-month period to remove the requirement that a residential mortgage loan be fully amortizing.

Referred To The House Committee On Financial Services.
January 14th 2013 @ 12:00 AM

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