To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Sponsor introductory remarks on measure. (CR E1987-1988)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Dec 20, 2012

Amends the Mortgage Reform and Anti-Predatory Lending Act, title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to reverse the exclusion from treatment as a mortgage originator, and recognize as a mortgage originator, an employee of a retailer of manufactured homes who receives compensation or gain for taking a residential mortgage loan application, assisting a consumer in obtaining or applying to obtain a residential mortgage loan, or offering or negotiating the terms of such a loan, if the compensation or gain exceeds that received in a comparable cash transaction.

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People & committees

Who introduced it

Rep. Fincher, Stephen Lee [R-TN-8] · R–TN

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Dec 21, 2012
Sponsor introductory remarks on measure. (CR E1987-1988)
Dec 20, 2012
Referred to the House Committee on Financial Services.
Dec 20, 2012
Introduced in House
Dec 20, 2012
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Dec 20, 2012 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Feb 6, 2024. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.6694 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.6694, 112th Congress: To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Official record: https://www.congress.gov/bill/112th-congress/house-bill/6694

Text version to examine: Introduced in House · 2012-12-20.

Official full text: https://www.congress.gov/112/bills/hr6694/BILLS-112hr6694ih.htm

Imported record last updated by the source: 2024-02-06T19:38:49Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.6694 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.6694 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.6694, 112th Congress: To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Official record: https://www.congress.gov/bill/112th-congress/house-bill/6694

Text version to examine: Introduced in House · 2012-12-20.

Official full text: https://www.congress.gov/112/bills/hr6694/BILLS-112hr6694ih.htm

Imported record last updated by the source: 2024-02-06T19:38:49Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6694 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.6694 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.6694, 112th Congress: To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Official record: https://www.congress.gov/bill/112th-congress/house-bill/6694

Text version to examine: Introduced in House · 2012-12-20.

Official full text: https://www.congress.gov/112/bills/hr6694/BILLS-112hr6694ih.htm

Imported record last updated by the source: 2024-02-06T19:38:49Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6694 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.6694 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.6694, 112th Congress: To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes.

Official record: https://www.congress.gov/bill/112th-congress/house-bill/6694

Text version to examine: Introduced in House · 2012-12-20.

Official full text: https://www.congress.gov/112/bills/hr6694/BILLS-112hr6694ih.htm

Imported record last updated by the source: 2024-02-06T19:38:49Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6694 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.