You Did It! Our Washington Legislation Passed

23 May 2018 3:55 PM | Anonymous

You Did It!

Our Washington Legislation Has Passed

The President has signed the industry’s legislation to fix a problem with the federal Dodd-Frank Act into law.

Our members delivered SC’s Washington delegation in a big way for yesterday’s big vote. Representatives Duncan, Gowdy, Norman, Rice, Sanford, and Wilson, voted in favor of our industry’s legislation to fix Dodd-Frank.

This was NOT a slam-dunk vote. We needed these six SC congressmen to vote our way.

Thank you to every MHISC member who called or emailed their representative Tuesday and all the earlier Senate and House votes that led to the passage of our bill.

How the Bill Will Help
The bill, S. 2155 removes the goofy Dodd-Frank provision that said an MH seller must be a licensed “loan originator” simply because they help the buyer with the loan process.  Removing the rule means loans can now move faster and more smoothly. Plus the retailer can help keep the loan – and the sale – on track. 

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

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