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H.R. 2379: Qualified Mortgage Loan Originator Transitional Authority Act of 2013

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H.R. 2379: Qualified Mortgage Loan Originator Transitional Authority Act of 2013

113th Congress · introduced 2013-06-14 · Housing and Community Development · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-06-14 · official record
  2. Who proposed it: Rep. Bachus, Spencer [R-AL-6] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Qualified Mortgage Loan Originator Transitional Authority Act of 2013

Plain summary

Qualified Mortgage Loan Originator Transitional Authority Act of 2013 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 with respect to the prohibition against an individual's engaging in the business of a loan originator without first obtaining (and maintaining annually) a registration as a registered loan originator or a license and registration as a state-licensed loan originator, as well as obtaining a unique identifier. Authorizes certain individuals who are qualified registered loan originators under the Truth in Lending Act to act as a loan originator, during a 90-day period following submission of background check materials, under the supervision of a state-licensed firm that engages in loan origination. Terminates the individual's authority to act as a loan originator upon the end of such 90-day period.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Qualified Mortgage Loan Originator Transitional Authority Act of 2013

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Bachus, Spencer [R-AL-6] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Gary C. Peters (D-MI), Shelley Moore Capito (R-WV)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong113-hr2379 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113