US HB2794 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on June 10 2009 - 25% progression, died in committee
Action: 2009-06-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 10 2009 - 25% progression, died in committee
Action: 2009-06-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Promoting Mortgage Responsibility Act - Amends the Truth in Lending Act to prohibit prepayment fees or penalties under any consumer credit transaction secured by the consumer's owner-occupied principal dwelling. Makes any prepayment penalty in violation of this prohibition unenforceable.
Title
Promoting Mortgage Responsibility Act
Sponsors
| Rep. Danny Davis [D-IL] | Rep. Marcia Fudge [D-OH] | Rep. Barbara Lee [D-CA] | Rep. Charles Rangel [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-06-10 | Referred to the House Committee on Financial Services. |
Same As/Similar To
SB911 (Related) 2009-04-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Banking and financial institutions regulation
Consumer credit
Finance and financial sector
Housing finance and home ownership
Consumer credit
Finance and financial sector
Housing finance and home ownership
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/2794/all-info |
| Text | https://www.congress.gov/111/bills/hr2794/BILLS-111hr2794ih.pdf |
