s 43207 1177473600 false 1177473600 1222 559 110 400629

4/25/2007--Introduced.<br/>Stopping Mortgage Transactions which Operate to Promote Fraud, Risk, Abuse and Underdevelopment Act, or the STOP FRAUD Act - Amends federal criminal law to make it unlawful for any mortgage professional to: (1) defraud any natural person or financial institution regarding an offer of consumer credit secured by an interest either in real property or in personal property used as a principal dwelling; or (2) falsely obtain money or property from a natural person in connection with an extension of consumer credit secured by an interest in such property.<br/>Subjects violations of this Act to civil and criminal penalties.<br/>Directs the Attorney General to establish: (1) a system for authorized mortgage professionals to receive updates from federal law enforcement agencies on suspicious activity trends in the mortgage industry and mortgage fraud-related convictions; (2) a Debarred or Censured Mortgage Professional Database that may be accessed to determine the federal and state bar status of mortgage professionals; and (3) grants to assist law enforcement agencies establish and improve mortgage fraud task forces.<br/>Grants whistleblower protection to personnel of a widely accepted private certification board.<br/>Amends the Housing and Urban Development Act of 1968 to authorize the Secretary of Housing and Urban Development (HUD) to provide tenants, homeowners, and other consumers with mortgage fraud counseling.<br/>Directs the Secretary to provide grants to state appraisal agencies to improve the monitoring and enforcement of housing appraisal regulations.<br/>Sets forth additional rights of borrowers in foreclosure proceedings.<br/>

1177473600 2007-04-25 Fri Nov 07 14:51:34 -0600 2008 introduced 43207 'act':3 'stop':1 'fraud':2 50063 short introduced 43207 'act':13 'abus':10 'oper':5 'risk':9 'stop':1 'fraud':8 'promot':7 'mortgag':2 'transact':3 'underdevelop':12 50064 short introduced 43207 'abus':13 'bill':2 'oper':8 'risk':12 'stop':4 'fraud':11 'promot':10 'purpos':21 'develop':17 'mortgag':5 'transact':6 'under-develop':15 46014 official introduced 43207 1177473600 Wed Apr 25 00:00:00 -0500 2007 109885 O000167 1961-08-04 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama N00009638 54349 Democrat United Church of Christ Barack Obama 3.72651356993737 D000563 1944-11-21 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] N00004981 16476 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.89 http://durbin.senate.gov introduced 43207 1177473600 Wed Apr 25 00:00:00 -0500 2007 109885 action 43207 1177473600 Wed Apr 25 00:00:00 -0500 2007 116333 Sponsor introductory remarks on measure. (CR S5106) action 43207 1177473600 Wed Apr 25 00:00:00 -0500 2007 109887 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. action 43207 1177473600 Wed Apr 25 00:00:00 -0500 2007 109886 Introductory remarks on measure. (CR S5106)