1. Short title This Act may be cited as the Seller Finance Enhancement Act . 2. Findings Congress finds the following: (1) Real-estate seller financing is a transaction in which the owner of a real estate property provides financing for the buyer of that property and the buyer makes some form of a down payment to the seller and then makes installment payments to the seller over a defined period of time. (2) Seller financers provide financing in lieu of the buyer choosing to obtain a loan from a bank. (3) The seller finance industry consists of small business owners who own real estate and provide financing on those properties to underserved borrowers who cannot or would prefer not to obtain traditional financing. 3. Exception for seller financers with respect to loan originator license or registration requirements Section 1504 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5103 ) is amended by adding at the end the following: (c) Exception for seller financers The requirements of this title shall not apply to any person (other than a depository institution) who— (1) originates not more than 24 residential mortgage loans in a 12-month period; and (2) only originates residential mortgage loans that are with respect to property that is owned by such person. . 4. Report on seller financing (a) Study The Secretary of Housing and Urban Development and the Secretary of the Treasury shall jointly carry out a study on— (1) the number of homes bought for under $150,000 or 60 percent of the median home value in a given community, whichever is lower, in the United States by utilizing seller financing; (2) the number of homes described under paragraph (1) sold by licensed mortgage brokers; (3) the potential number of homes described under paragraph (1) which could be sold but aren’t, because seller financiers are unwilling, or from a practical standpoint unable, to comply with mortgage broker rules