US SB1711 | 2015-2016 | 114th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 16-2-1)
Status: Introduced on July 7 2015 - 25% progression, died in committee
Action: 2015-07-07 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 7 2015 - 25% progression, died in committee
Action: 2015-07-07 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes. This bill prohibits until January 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts. No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.
Title
A bill to provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.
Sponsors
| Sen. Tim Scott [R-SC] | Sen. Joe Donnelly [D-IN] | Sen. Mike Crapo [R-ID] | Sen. Jeanne Shaheen [D-NH] |
| Sen. Dean Heller [R-NV] | Sen. Angus King [I-ME] | Sen. Mike Rounds [R-SD] | Sen. Steve Daines [R-MT] |
| Sen. Kelly Ayotte [R-NH] | Sen. Pat Roberts [R-KS] | Sen. Johnny Isakson [R-GA] | Sen. John McCain [R-AZ] |
| Sen. Cory Gardner [R-CO] | Sen. Rob Portman [R-OH] | Sen. John Thune [R-SD] | Sen. Pat Toomey [R-PA] |
| Sen. James Inhofe [R-OK] | Sen. James Risch [R-ID] | Sen. David Perdue [R-GA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-07-07 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB2213 (Same As) 2015-06-11 - Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
HB3192 (Related) 2015-10-08 - Received in the Senate.
HB3192 (Related) 2015-10-08 - Received in the Senate.
Subjects
Administrative law and regulatory procedures
Civil actions and liability
Finance and financial sector
Housing finance and home ownership
Real estate business
Civil actions and liability
Finance and financial sector
Housing finance and home ownership
Real estate business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/1711/all-info |
| Text | https://www.congress.gov/114/bills/s1711/BILLS-114s1711is.pdf |
