US HB3538 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 28 2017 - 25% progression, died in committee
Action: 2017-07-28 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 28 2017 - 25% progression, died in committee
Action: 2017-07-28 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Mortgage Sale Transparency Act of 2017 This bill amends the Truth in Lending Act to require in the event of a mortgage loan sale, transfer, or assignment to another creditor: (1) notice of the transfer to the borrower from the original creditor, (2) exemption from liability for the borrower in the event of an error in the transfer, and (3) a 90-day grace period for loan payments made by the borrower to the wrong lender.
Title
Mortgage Sale Transparency Act of 2017
Sponsors
| Rep. Bobby Rush [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-28 | House | Referred to the House Committee on Financial Services. |
| 2017-07-28 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/3538/all-info |
| Text | https://www.congress.gov/115/bills/hr3538/BILLS-115hr3538ih.pdf |
