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house Bill H.R. 1779

Changing Financing Rules for Manufactured Homes

Argument in favor

Opens up more financing for affordable housing.

Argument opposed

Special interest legislation that weakens consumer protections.

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedApril 26th, 2013

What is House Bill H.R. 1779?

This bill deals with mortgages related to manufactured homes, and their relation to the Dodd-Frank Consumer Protection Act. First, the bill revises the trigger amount for a mortgage attached to a manufactured home to be considered “high-cost,” upping the prime offer rate percentage from 8.5% to 10% for transactions under $75,000. Secondly, the bill states that those who sell manufactured homes are not considered mortgage originators under the Dodd-Frank Act (and must, in turn, be licensed accordingly) as long as those sellers do not receive compensation from a creditor, lender, or mortgage broker. 


This bill impacts access to financing for low-cost, manufactured housing buyers.

Cost of House Bill H.R. 1779

A CBO cost is currently unavailable.


Preserving Access to Manufactured Housing Act of 2013

Official Title

To amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage.

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