Keeping America’s Dream Affordable

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LET YOUR VOICE BE HEARD!

All members of the manufactured housing industry should fully understand the issues we are fighting, on your behalf!

As we continue to push for regulatory change of federal laws, the Manufactured Housing Institute (MHI) has prepared and distributed a ‘Myth vs. Fact‘ sheet, relative to what the ‘Preserving Access to Manufactured Housing Act of 2017’ legislation actually hopes to accomplish.

The bills HB1699/S1751, were introduced to amend the Truth in Lending Act (TILA) to specify a retailer of manufactured housing is generally not a “mortgage originator”, subject to requirements under that Act.  Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, to specify such a retailer is generally not a “loan originator”, subject to requirements under that Act.

In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered “high-cost mortgages” under TILA.

As well, H.R.10 carries similar language, and is yet another ‘vehicle’ the industry is using to accomplish the mission of having our language passed in to law.

Please review the document ‘Myth vs. Fact‘, then contact your respective legislators, to request they co-sponsor these bills; or contact your legislator to express your thanks for their support.  You can easily access your legislator by going to MHI’s ‘Grass Roots Action‘ page, and following the directions.  Input your contact information and your legislator automatically pops up, via your zip code!  In the world of technology, it is so easy to support your industry, by allowing your voice to be heard!

Currently, we need:
(1) all individuals to contact their Senator, either Senator Corker or Senator Alexander, and ask for their support as co-sponsors of the Senate Bill 1751;
(2) individuals within Representative Diane Black, Representative Jim Cooper and Representative Steve Cohen’s districts, contact them relative to co-sponsoring House Bill 1699;
(3) individuals should thank and encourage Representative Marsha Blackburn, Representative Scott DesJarlais, Representative John Duncan, Representative Chuck Fleischmann, Representative David Kustoff, and Representative Phil Roe… for their early sign on to sponsor HB1699.

(09/26/17)  Republican Senator Bob Corker of Tennessee
will not seek re-election in 2018. 

Senator Corker serves on four Senate committees:
Foreign Relations, where he is the chairman;
Banking, Housing and Urban Affairs;
Budget; and the Special Committee on Aging.