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H.R. 1779 Update

HR1779 Preserving Access to Manufactured Housing Act was introduced in the House of Representatives by Representatives Stephen Fincher(R-TN), Bernie Thompson (D-MS) and Gary Miller (R-CA) to reduce regulatory burdens that impede access to affordable manufactured housing finance.  The bill would remedy provisions of the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd Frank) that impact the consumer’s ability to obtain the mortgage financing needed to purchase a manufactured home.

Bi-partisan Cosponsors are needed!!!

As of 7/26/13, there are 42 cosponsors, 9 Democrats and 33 Republicans.  The House is in recess for the month of August.  The goal is to get 120 cosponsors by the time they return in September. 

We need relief from regulations coming from the CFPB and effective January 14, 2014 without relief, the regulatory burdens to manufactured home loans will impact all facets of the industry and every homeowner.

 MHI appreciates the dedicated assistance from industry members and the national network of state associations to secure co-sponsors to this important bill. For more information on the legislation, visit the MHI Web site or contact MHI Vice President of Government Affairs Jason Boehlert at jboehlert@mfghome.org or (703) 558-0660.

MHI continues to work with Sens. Sherrod Brown (D-OH) and Pat Toomey (R-PA), who respectfully serve as chairman and ranking members of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, to introduce companion legislation in the Senate.

Please take the time to contact your U.S. Representative and request they co-sponsor the legislation, Preserving Access to Manufactured Housing Act (H.R. 1779).

August 7, 2013 Posted by | Legislation | , , , , | Leave a comment