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10/31/2007--Introduced.<br/>Mortgage Disclosure Improvement Act of 2007 - Amends the Truth in Lending Act to require a creditor to disclose to a consumer with respect to an extension of credit secured by the consumer's dwelling that the consumer is not required to complete the credit agreement merely because the consumer has received required disclosures or signed a loan application. Requires such disclosure to be furnished to the borrower not later than seven business days before the consummation of the transaction, as well as at the time of consummation. Requires additional disclosures in such a circumstance regarding any variable rates or payment schedules. Increases the actual damages for which a creditor is liable for noncompliance with such Act in the case of an individual action relating to a credit transaction not under an open end credit plan that is secured by real property or a dwelling. Replaces the current range of damages from $200 to $2,000 with a flat damages amount of $5,000, adjusted annually for inflation.<br/>

1200027600 2008-01-11 Fri Nov 07 02:33:23 -0600 2008 introduced 47112 'act':7 'home':15 'lend':6 'loan':17 'term':13 'amend':2 'truth':4 'enhanc':9 'purpos':21 'mortgag':16 'disclosur':10 53912 false official introduced 47112 'act':4 '2007':6 'improv':3 'mortgag':1 'disclosur':2 54771 false short action 47112 1200027600 Fri Jan 11 00:00:00 -0600 2008 143733 Referred to the Subcommittee on Financial Institutions and Consumer Credit. B001234 1947-01-23 3994 1527 Longworth House Office Building http://www.house.gov/baca/zipauth.shtml 43 202-225-8671 Joe 'd':4 'ca':5 '-43':6 'joe':2,7,9 'rep':1 'baca':3,8,10 M 400009 Baca Joe_Baca Rep. Joe Baca [D, CA-43] 1675 N00007089 8215 Democrat 202-225-6161 CA Joe Baca 2.66666666666667 http://www.house.gov/baca/ action 47112 1200027600 Fri Jan 11 00:00:00 -0600 2008 143733 Referred to the Subcommittee on Financial Institutions and Consumer Credit. introduced 47112 1193803200 Wed Oct 31 00:00:00 -0500 2007 135442 action 47112 1193803200 Wed Oct 31 00:00:00 -0500 2007 135443 Referred to the House Committee on Financial Services.