Tell Your Senators to Oppose Wyden Amendment #2082
Thank you to everyone who has contacted their Senators about voting in favor of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, which includes a provision clarifying that a retailer or seller of manufactured housing is not considered a "loan originator" simply because they provide a customer with some assistance in the mortgage loan process.
We need your help once again as an amendment has just been proposed in the Senate which would strike this manufactured housing provision from S. 2155. Please call your Senators immediately and tell them to oppose Wyden Amendment #2082.
This amendment seeks to strike the language from S. 2155 which clarifies that a retailer or seller of manufactured housing is not considered a "loan originator" simply because they provide a customer with some assistance in the mortgage loan process. The inclusion of this language in S. 2155 will ensure that manufactured housing retailers and sellers are not subject to compliance requirements clearly designed to apply only to the actual entity making the mortgage loan.
Similar to real estate agents, manufactured housing retailers and salespeople are fundamentally in the business of selling homes, not originating loans. The language clarifies that manufactured home retailers and their employees are not considered loan originators, so long as they do not receive compensation or gain for performing such activities.
Please call your Senators immediately and tell them to oppose Wyden Amendment #2082.
With MHI's advocacy page, making this request of your Senators is easy.
To call your Senators, click
and follow the steps on the screen. Once you submit your personal information into the form, the names and phone numbers of your Senators will appear along with some very basic talking points about why they need to oppose this amendment. Once you have made the call, please use the space at the bottom of the form to let us know.
Please give this your immediate attention and send it along to others in your organization and everyone else you know in the industry urging them to do the same.
Thank you for your help!