Preserving Access to Manufactured Housing Act

15 Nov 2013 2:33 PM | Anonymous

MHISC Recruits US Congressman to Sponsor Legislation to Fix Federal Dodd-Frank Law

US Congressman Jeff Duncan signed on to sponsor the Preserving Access to Manufactured Housing Act. The legislation, H. R. 1779, would change some of the most harmful provisions of the so-called Dodd-Frank Wall Street Reform and Consumer Protection Act.

Rep. Duncan, an industry supporter, represents the 3rd Congressional District in South Carolina's Upstate.

The federal Dodd-Frank Act, passed by the US Congress in Washington, would put more manufactured home loans into the undesirable "High Cost Mortgage" category. Federal regulations place excessive liability on lenders who offer loans that fall into that category.

MHISC's work with South Carolina's Congressional Delegation has generated strong support for the pro-manufactured housing legislation. Congressmen Joe Wilson and Rick Mulvaney also agreed to sponsor the legislation at the request of MHISC. Former Representative Tim Scott, who sponsored similar legislation last year, has now been appointed to the US Senate where his influence will benefit manufactured housing and other South Carolina businesses.

MHISC is the voice of the manufactured and modular home industries in South Carolina.

Powered by Wild Apricot Membership Software