H.R.3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007

To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes. view all titles (6)

All Bill Titles

  • Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as reported to house.
  • Official: To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes. as introduced.
  • Short: Expand and Preserve Home Ownership Through Counseling Act as passed house.
  • Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as introduced.
  • Short: Mortgage Reform and Anti-Predatory Lending Act of 2007 as passed house.
  • Short: Expand and Preserve Home Ownership Through Counseling Act as reported to house.
Latest Amendment Status Purpose View All Amendments [19]
 
H.Amdt 916 Pass An amendment numbered 18 printed in House Report 110-450 to require loan creditors or servicers to provide a written notice to consumers with hybrid adjustable rate mortgages six months before their interest rates are due to reset. This notice would state the new interest rate, an explanation of how the new interest rate would be determined, the creditor's or servicer's good faith estimate of the monthly payment that will apply after the reset, a list of alternatives consumers may pursue before the date of adjustment or reset, and contact information for local HUD-approved housing counseling agencies and the state housing finance authority.
H.Amdt 915 Offered An amendment numbered 17 printed in House Report 110-450 to require that in the case of a residential mortgage loan, closing costs may not exceed by more than 10% any estimate of closing costs disclosed to the consumer in advance of closing.
H.Amdt 914 Fail An amendment numbered 15 printed in House Report 110-450 to strike Title III--High-Cost Mortgages from the bill.
Latest Actions View All Actions [56]
 
Dec 03, 2007Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 15, 2007The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3915.
Nov 15, 2007Motion to reconsider laid on the table Agreed to without objection.

Latest Vote

Result: Passed - November 15, 2007

Roll call number 1118 in the House

Question: On Passage: H R 3915 Mortgage Reform and Anti-Predatory Lending Act

 

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4 in favor / 2 opposed
 

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