U.S. Congress - H.Con.Res.127 Supporting home ownership and responsible lending.
H.Con.Res.127 - Supporting home ownership and responsible lending.
view all titles (1)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: 4
- All-Time: 555
|
|
|
|
Committees
Official Summary
4/24/2007--Introduced.Expresses the sense of Congress that legislation should be enacted that protects buyers who have been victims of unscrupulous mortgage brokers and lenders. Urges that such legislation: (1) include an anti-predatory lending provision that bans unfair and deceptive pracOfficial Summary
4/24/2007--Introduced.Expresses the sense of Congress that legislation should be enacted that protects buyers who have been victims of unscrupulous mortgage brokers and lenders. Urges that such legislation:
(1) include an anti-predatory lending provision that bans unfair and deceptive practices;
(2) require lenders to evaluate a borrower's ability to pay over the life of the loan (at the fully indexed rate for the fully amortized amount);
(3) establish federal regulations regarding licensing, education, and experience requirements for mortgage brokers and loan officers in non-bank companies;
(4) require that disclosures be written in plain language and prominently displayed in a manner that is visually clear and effectively communicates the intended information to the potential borrower;
(5) reduce or eliminate prepayment penalties;
(6) notify potential home buyers of lenders or brokers with high foreclosure rates; and
(7) mandate pre-loan counseling.
...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
Bill Action: Introduced: H.Con.Res. 127: Supporting home ownership ...
Rep. Elijah Cummings [D-MD] introduced this bill. [This event matched these monitors: Introduced Legislation ]
Vote on This Bill
-
Share This Bill
More Share via Email
