S.1299 - Borrower's Protection Act of 2007

A bill to establish on behalf of consumers a fiduciary duty and other standards of care for mortgage brokers and originators, and to establish standards to assess a consumer's ability to repay, and for other purposes. view all titles (2)

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Short: Borrower's Protection Act of 2007 as introduced.
Official: A bill to establish on behalf of consumers a fiduciary duty and other standards of care for mortgage brokers and originators, and to establish standards to assess a consumer's ability to repay, and for other purposes. as introduced.

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08/02/07

Mortgage Madness

One leading proposal is a bill called S. 1299, offered by Sen. Chuck Schumer of New York. Mr. Schumer is a senior Democrat on the Banking Committee and the ...

Source: Wall Street Journal

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