h 46421 1190865600 false 1197262800 3705 413 110 412228

9/27/2007--Introduced.<br/>Fair Disclosure for Homeowners Act of 2007 - Amends the Truth in Lending Act to require the creditor or servicer of a loan to disclose specified financial information in writing to a consumer concerning the interest rate in effect during the introductory period of a hybrid adjustable rate mortgage which adjusts or resets to a variable interest rate. Requires such disclosure to include: (1) any index or formula used in making adjustments to or resetting the interest rate and a source of information about the index or formula; (2) an explanation of how the new interest rate and payment would be determined; (3) the best estimate of the creditor or servicer of the amount of the monthly payment that will apply after the date of the adjustment or reset, and the assumptions on which this estimate is based; and (4) a list of alternatives consumers may pursue before the date of adjustment or reset, and descriptions of the actions consumers must take to pursue these alternatives. Requires periodic statements provided to a consumer by a creditor or servicer, regarding a hybrid adjustable rate mortgage, to include clearly and conspicuously the date on which such mortgage adjusts or resets from a fixed interest rate during the introductory period to a variable rate.<br/>

1197262800 2007-12-10 Fri Nov 07 01:55:03 -0600 2008 introduced 46421 'act':5 '2007':7 'fair':1 'homeown':4 'disclosur':2 53422 false short introduced 46421 'act':7 'date':19 'lend':6 'rate':25 'amend':2 'notic':10 'reset':18 'truth':4 'upcom':15 'adjust':16,24 'consum':12 'hybrid':23 'purpos':30 'requir':9 'mortgag':26 'respect':21 52475 false official action 46421 1197262800 Mon Dec 10 00:00:00 -0600 2007 143379 Referred to the Subcommittee on Financial Institutions and Consumer Credit. S001174 1721 Longworth House Office Building http://sutton.house.gov/about/emailform.cfm 13 202-225-2266 Betty 'd':4 'oh':5 '-13':6 'rep':1 'betti':2,7,9 'sutton':3,8,10 F 412228 Sutton Betty_Sue_Sutton Rep. Betty Sutton [D, OH-13] N00027901 7028 Democrat 202-225-3401 OH Betty Sutton 3.45454545454545 http://sutton.house.gov/ B000574 1948-08-16 2267 Rayburn House Office Building http://blumenauer.house.gov/index.php?option=com_email_form&Itemid=206 3 202-225-8941 Earl 'd':4 '-3':6 'rep':1 'earl':2,7,9 'blumenau':3,8,10 M 400033 Blumenauer Earl_Blumenauer Rep. Earl Blumenauer [D, OR-3] N00007727 7051 Democrat 202-225-4811 OR Earl Blumenauer 4.25 http://blumenauer.house.gov/ B001245 1933-05-31 427 Cannon House Office Building http://www.house.gov/bordallo/IMA/issue.htm 0 202-226-0341 Madeleine 'd':4 '-0':6 'gu':5 'rep':1 'bordallo':3,8,10 'madelein':2,7,9 F 400041 Bordallo Madeleine_Z._Bordallo Rep. Madeleine Bordallo [D, GU-0] N00024866 5764 Democrat 202-225-1188 Catholic GU Madeleine Bordallo 0.571428571428571 http://www.house.gov/bordallo/ B001251 1947-04-27 413 Cannon House Office Building http://butterfield.house.gov/contactinfo.asp 1 202-225-3354 George 'd':4 '-1':6 'nc':5 'g.k':9 'rep':1 'georg':2,7,10 'butterfield':3,8,11 M 400616 Butterfield G._K._Butterfield K. Rep. George Butterfield [D, NC-1] G.K. N00027035 5786 Democrat 202-225-3101 Baptist NC G.K. George Butterfield http://www.house.gov/butterfield/ C001067 1964-11-21 1029 Longworth House Office Building http://clarke.house.gov/contactform_zipcheck.shtml 11 202-226-0112 Yvette 'd':4 'ny':5 '-11':6 'rep':1 'clark':3,8,10 'yvett':2,7,9 F 412221 Clarke Yvette_Clarke D. Rep. Yvette Clarke [D, NY-11] N00026961 7317 Democrat 202-225-6231 NY Yvette Clarke 2.0 http://clarke.house.gov/ C001068 1949-05-24 1004 Longworth House Office Building http://cohen.house.gov/index.php?option=com_email_form&Itemid=113 9 202-225-5663 Steve 'd':4 '-9':6 'tn':5 'rep':1 'cohen':3,8,10 'steve':2,7,9 M 412236 Cohen Stephen_Cohen Rep. Steve Cohen [D, TN-9] N00003225 8848 Democrat 202-225-3265 TN Steve Cohen 3.84615384615385 http://www.legislature.state.tn.us/senate/members/s30.htm RepCohen G000551 1948-02-19 1440 Longworth House Office Building http://grijalva.house.gov/?sectionid=49&sectiontree=2,49 7 202-225-1541 Raul 'd':4 '-7':6 'az':5 'rep':1 'raul':2,7,9 'grijalva':3,8,10 M 400162 Grijalva M. Rep. Raul Grijalva [D, AZ-7] N00025284 7272 Democrat 202-225-2435 Roman Catholic AZ Raul Grijalva 3.46666666666667 http://grijalva.house.gov/ K000336 1946-10-08 2445 Rayburn House Office Building http://kucinich.house.gov/Contact/Starter.htm 10 202-225-5745 Dennis 'd':4 'oh':5 '-10':6 'rep':1 'denni':2,7,9 'kucinich':3,8,10 M 400227 Kucinich Dennis_J._Kucinich J. Rep. Dennis Kucinich [D, OH-10] N00003572 14386 Democrat 202-225-5871 Catholic OH Dennis Kucinich 7.32624113475177 http://kucinich.house.gov/ djkucinich action 46421 1197262800 Mon Dec 10 00:00:00 -0600 2007 143379 Referred to the Subcommittee on Financial Institutions and Consumer Credit. introduced 46421 1190865600 Thu Sep 27 00:00:00 -0500 2007 130842 action 46421 1190865600 Thu Sep 27 00:00:00 -0500 2007 130843 Referred to the House Committee on Financial Services.