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What Is the Fair Manufactured Housing Lending Act Proposed in Congress?
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Key points
- H.R. 10975 proposes amending the Truth in Lending Act to cover modular and manufactured home retailers as mortgage originators.
- Representative Suzanne Bonamici introduced the bill during the 119th Congress alongside seven House co-sponsors.
- House leadership referred the legislation to the House Committee on Financial Services for further review.
NewsWK — Federal lawmakers introduced new consumer protection legislation in the U.S. House of Representatives. Representative Suzanne Bonamici sponsored the measure to expand federal oversight of mortgage originators. The bill targets retailers selling modular and manufactured homes across the country.
What does HR 10975 mean for buyers across the nation?
The Fair Manufactured Housing Lending Act updates federal oversight rules to include modular and manufactured home retailers in the legal definition of mortgage originators. Because these retailers routinely help customers secure financing, the bill ensures these transactions fall under strict federal rules. Consequently, buyers across the United States could see clearer standards during financing.
How will manufactured home lending legislation change regulations?
The proposed statute directly amends the Truth in Lending Act. Specifically, the bill alters 15 U.S.C. § 1602(dd)(2)(C) to classify sellers of manufactured or modular homes as mortgage originators. Therefore, retailers involved in financing arrangements must meet standard federal regulatory guidelines.
amends the Truth in Lending Act to include retailers of manufactured or modular homes in the definition of mortgage originator Also, Truth in Lending Act manufactured homes updates aim to establish uniform requirements across the housing market.
Who is sponsoring the Suzanne Bonamici manufactured housing bill?
Representative Suzanne Bonamici of Oregon introduced the legislation in the House during the 119th Congress. Seven lawmakers Therefore, representatives from states such as Michigan, Colorado, Washington, California, and Texas are backing the new legislation.
The full roster of co-sponsors includes Representatives Andrea Salinas, Rashida Tlaib, Brittany Pettersen, and Pramila Jayapal. Additionally, Representatives Jared Huffman, Greg Casar, and Juan Vargas joined as co-sponsors. Officials formally recorded the filing during the second session of Congress on November 10, 2026.
Following its formal introduction, House leadership referred the bill to the House Committee on Financial Services. However, the committee has not yet taken additional legislative action on the proposal. Still, the bill remains active for potential review by committee members.
This article was produced with the assistance of AI and reviewed by our editorial team.
Sources
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