Expanding Housing Opportunities Through Education and Counseling Act
To amend the Truth in Lending Act to provide for the establishment of fair mortgage practices, generally, and for subprime mortgages in particular, to provide for a national system for licensing or registering residential mortgage loan originators, and for other purposes.
previous 110th session of congress Other Bill Titles (3 more) 7/12/2007--Introduced.
Fair Mortgage Practices Act of 2007 - Prohibits any person, with certain exceptions, from engaging in the business of loan origination without first obtaining and maintaining a registration or a state license as a loan originator. Imposes on the federal banking a... more
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| July 12, 2007 |
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In the News
July 17, 2007 Subprime Lending Reform Legislation Introduced
The bill, known as the Fair Mortgage Practices Act (HR 3012), would: "Both protecting borrowers and preserving access to credit are critically important if ...
Blog Coverage
November 02, 2008 The Mortgage Crisis Lies in the Fine Print - Mortgage Foundation
H.R. 3012, or âThe Fair Mortgage Practices Act of 2007,â would create a national system for registering mortgage loan originators. And a key feature is that a âone-page disclosure form be required for all consumer credit plans secured ...
Source: Mortgage Foundation
October 24, 2008 How Much Disclosure Is Enough?
Absolutely. As an example, consider the single-page form originally proposed by Alex J. Pollock of the American Enterprise Institute. It's now incorporated in H.R. 3012, the "Fair Mortgage Practices Act of 2007" sponsored by Rep. ...
Source: RealtyTrac Daily Alerts: 28078
June 20, 2008 bills affecting the appraisal insustry
fair mortgage practices act of 2007 (introduced in house)[hr3012.ih] 5 . fair fha appraisals act of 2007 (introduced in house)[hr1723.ih] 6 . mortgage reform and anti-predatory lending act of 2007 (referred to senate committee after ...











