US HB6511

Exempts "small seller financers" from S.A.F.E. Mortgage Licensing Act requirements if they extend credit on no more than 24 residential mortgage loans in a 12-month period and only finance properties they own

Amends the Truth in Lending Act to exclude owner financers from the definition of "mortgage originator" when providing financing for up to 24 property sales annually, provided loans are fully amortizing, include ability-to-repay documentation, and have fixed or adjustable rates (adjustable only after 5+ years)

Extends similar exemptions to owner-financed loans secured by manufactured homes, with requirements that the seller did not manufacture the home and that loans meet the same consumer protection criteria

Does not apply to unrecorded contracts for deed, lease options, lease-to-own, or rent-to-own arrangements

Requires HUD and Treasury to jointly study and report within one year on homes bought under $150,000 (or 60% of median home value) using owner financing, including historical transaction data from 5, 10, 15, and 20 years prior