U.S. Congress - H.R.3535 Homebuyer's Protection Act of 2007
H.R.3535 - Homebuyer's Protection Act of 2007
To amend the Truth in Lending Act to require escrow accounts for the payment of property taxes and insurance for all subprime loans, and to expand the coverage of the appraisal requirements under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend the Truth in Lending Act to require escrow accounts for the payment of property taxes and insurance for all subprime loans, and to expand the coverage of the appraisal requirements under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes. as introduced.
- Short: Homebuyer's Protection Act of 2007 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 3
- All-Time: 1,169
|
|
|
|
|
|
|
|
Committees
Official Summary
9/14/2007--Introduced.Homebuyer's Protection Act of 2007 - Amends the Truth in Lending Act to require a creditor to establish, in an insured depository institution, an escrow or impound account for payment of taxes and hazard insurance at the time of the consummation of a subprime morOfficial Summary
9/14/2007--Introduced.Homebuyer's Protection Act of 2007 - Amends the Truth in Lending Act to require a creditor to establish, in an insured depository institution, an escrow or impound account for payment of taxes and hazard insurance at the time of the consummation of a subprime mortgage transaction. Requires such account to remain in existence for as long as the subprime mortgage is outstanding. Requires creditors, before consummating a consumer credit transaction involving an impound, trust, or escrow account, to provide the following written disclosures:
(1) that an escrow or impound account will be established;
(2) the amount required to fund such account;
(3) the amount in the initial year of estimated taxes and hazard insurance premiums; and
(4) the estimated monthly amount payable for taxes and hazard insurance. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to extend its appraisal requirements to all real estate related financial transactions, not only those that are federally related.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
HR 2535 "Homebuyerâs Protection Act of 2007" Proposes Changes To ...
Rep Paul W. Hodes introduced House Bill HR3535 to create the Homebuyerâs Protection Act of 2007 on 9/14/2007:. To amend the Truth in Lending Act to require escrow accounts for the payment of property taxes and insurance for all subprime ...
OpenCongress - U.S. Congress - H.R.6021 To prohibit the purchase ...
[1]; H.R.3221 Small Public Housing Authorities Paperwor... [1]; H.R.3915 Expand and Preserve Home Ownership Throug... [1]; H.R.5958 Homeowner Opportunity Act of 2008 [1]; H.R.3535 Homebuyer's Protection Act of 2007 [1] ...
OpenCongress - U.S. Congress - H.R.5958 Homeowner Opportunity Act ...
H.R.3705 Fair Disclosure for Homeowners Act of 200... [1]; H.R.3221 Small Public Housing Authorities Paperwor... [1]; H.R.3915 Expand and Preserve Home Ownership Throug... [1]; H.R.6021 H.R.6021 [1]; H.R.3535 Homebuyer's Protection Act ...
Users tracking H.R.3535 (2) are also tracking:
| Bills |
|---|
Users opposing H.R.3535 (1) are also:
| Supporting Bill | Supporting Senator | Supporting Representative |
|---|---|---|
| Opposing Bill | Opposing Senator | Opposing Representative |
|---|---|---|
Vote on This Bill
-
Share This Bill
More Share via Email
