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

WASHINGTON (March 13, 2018) - 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 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.