US SB911 | 2009-2010 | 111th Congress
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on April 28 2009 - 25% progression, died in chamber
Action: 2009-04-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 28 2009 - 25% progression, died in chamber
Action: 2009-04-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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
| Sen. Jeff Merkley [D-OR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-04-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | |
| 2009-04-28 | Sponsor introductory remarks on measure. (CR S4812-4813) |
Same As/Similar To
HB2794 (Related) 2009-06-10 - Referred to the House Committee on Financial Services.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/911/all-info |
| Text | https://www.congress.gov/111/bills/s911/BILLS-111s911is.pdf |
