H.R.1755 - Home Construction Lending Regulatory Improvement Act of 2011

To enable Federal and State chartered banks and thrifts to meet the credit needs of the Nation's home builders, and to provide liquidity and ensure stable credit for meeting the Nation's need for new homes. view all titles (2)

All Bill Titles

  • Official: To enable Federal and State chartered banks and thrifts to meet the credit needs of the Nation's home builders, and to provide liquidity and ensure stable credit for meeting the Nation's need for new homes. as introduced.
  • Short: Home Construction Lending Regulatory Improvement Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/05/11
 
 
 
 
 
 
 

Sponsor

Representative

Gary Miller

R-CA

View Co-Sponsors (112)

Official Summary

Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulema

Official Summary

Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulemaking to provide for:
(1) elimination of the 100% of bank capital measurement,
(2) realistic market-based appraisals, and
(3) a prohibition against compelling lenders to call or curtail loans in good standing. Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.

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