Statement from NAR President Elizabeth Mendenhall Regarding S.2155, the “Economic Growth, Regulatory Relief and Consumer Protection Act”

Statement from NAR President Elizabeth Mendenhall Regarding S.2155, the “Economic Growth, Regulatory Relief and Consumer Protection Act”

WASHINGTON (March 14, 2018) – (RealEstateRama) — The U.S. Senate is considering S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, and the National Association of Realtors® showed its support with a letter(link is external) to Senate leadership.

NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, praised the legislation and issued the following statement:

“The Economic Growth, Regulatory Relief, and Consumer Protection Act contains some favorable provisions for the housing industry, including expanding Fannie Mae and Freddie Mac’s use of alternative credit scoring models; holding Property Assessed Clean Energy, or PACE, loans more accountable; and improving access to manufactured housing, as well as easing credit through reduced regulatory burdens on smaller community banks and credit unions.”

“Realtors® believe that financial regulations needs to be balanced with appropriate consumer protections, and we believe this bill achieves that goal; we urge Congress and the administration to enact S. 2155 into law.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

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