US Congress House Bill 2570 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on May 19 2017 - 25% progression, died in chamber
Action: 2018-11-14 - Placed on the Union Calendar, Calendar No. 801.
Text: Latest bill text (Introduced) [PDF]

Mortgage Fairness Act of 2017 This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage originator. (A high-cost mortgage designation restricts the terms of a loan and requires a lender to make certain disclosures to the borrower.)

Mortgage Fairness Act of 2017

Rep. Bill Posey [R-FL]

Rep. Dennis Ross [R-FL]

Rep. Dana Rohrabacher [R-CA]

Date	Chamber	Action
2018-11-14	House	Placed on the Union Calendar, Calendar No. 801.
2018-11-14	House	Reported by the Committee on Financial Services. H. Rept. 115-1024.
2018-07-24	House	Ordered to be Reported by the Yeas and Nays: 34 - 22.
2018-07-24	House	Committee Consideration and Mark-up Session Held.
2017-05-19	House	Referred to the House Committee on Financial Services.
2017-05-19	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2570/all-info
Text	https://www.congress.gov/115/bills/hr2570/BILLS-115hr2570ih.pdf
Text	https://www.congress.gov/115/bills/hr2570/BILLS-115hr2570rh.pdf