Zoe Lofgren voted Nay (Passage) on this Legislation.
Read statements Zoe Lofgren made in this general time period.
Title: Preserving Access to Manufactured Housing Act of 2015
Vote to pass a bill that amends mortgage regulations for mobile homes.
Defines a “Mortgage Originator” as a retailer of manufactured or modular homes or its employees, unless under the following circumstances (Sec. 2):
Said retailer or its employees receive compensation or monetary gain for engaging in activities that is in excess of any compensation or gain received in a comparable cash transaction.
Defines “High-Cost Mortgage” by amending and replacing, “8.5 percentage points if the transaction is for less than $50,000” with 10 percentage points if the dwelling is personal property, and the transaction is for less than $75,000 (Sec. 3).
Title: Preserving Access to Manufactured Housing Act of 2015