Fair Choice and Competition in Real Estate Act of 2005
Last action on May 26, 2005Referred to the House Committee on Financial Services.
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Summary
Fair Choice and Competition in Real Estate Act of 2005 - Amends the Bank Holding Company Act of 1956, restricting banking interests in nonbanking organizations, to declare that a bank holding company engaged in real estate brokerage and management transactions shall be considered to be engaged in activities that are financial in nature (therefore permissible).
Details real estate brokerage and management conduct permissible for bank holding companies.
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