3.0.0 3322 2023-01-15T07:32:52Z 2023-01-15T07:32:52Z House H HR 2003-10-16 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2003-10-22T16:11:33Z hsba04 Housing and Insurance Subcommittee Referred to 2003-10-22T16:10:42Z Referred to 2003-10-16T14:02:45Z 2003-10-22 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2003-10-22 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Housing and Community Opportunity, for a period to be subsequently determined by the Chairman. Committee 2003-10-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-10-16 Sponsor introductory remarks on measure. (CR E2067) IntroReferral B00100 9 Library of Congress 2003-10-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-10-16 Introduced in House IntroReferral 1000 9 Library of Congress S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 N W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2003-10-16 True S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2003-10-16 True C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2003-10-16 True M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2003-10-16 True D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2003-10-16 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2003-10-16 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2003-10-16 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2003-10-16 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2003-10-16 True P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2003-10-16 True O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2003-10-16 True W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2003-10-16 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2003-10-16 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2003-10-16 True J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2003-10-16 True B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2003-10-16 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2003-10-16 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2003-10-16 True K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2003-10-16 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2003-10-16 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2003-10-16 True J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2003-10-16 True B001241 Rep. Bell, Chris [D-TX-25] Chris Bell D TX 25 2003-10-16 True G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2003-10-16 True H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2003-10-16 True B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2003-10-16 True C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2003-10-16 True Finance and Financial Sector Administrative procedure Affiliated corporations Bank loans Bank records Civil actions and liability Class actions (Civil procedure) Collection of accounts Commerce Commercial arbitration Consumer education Consumer protection Counseling Credit insurance Crime and Law Enforcement Debtor and creditor Financial services Fines (Penalties) Government Operations and Politics Government paperwork Health Health insurance Home ownership Home repair and improvement Housing and Community Development Housing finance Housing statistics Insurance premiums Law Liability (Law) Life insurance Limitation of actions Loan defaults Medical economics Mortgage banks Mortgage interest rates Mortgages Negligence Real estate appraisal Restrictive trade practices Secondary mortgage market Settlement costs Social Welfare Finance and Financial Sector 00 2003-10-16 Introduced in House 2003-12-17T21:12:38Z Amends the Truth in Lending Act to: (1) set forth annual percentage rates that define a high-cost mortgage and related points and fees in order to apply high-cost loan protections to home purchase loans; (2) treat certain mortgage broker intermediaries as creditors covered by the Act; (3) subject a creditor to liability for mortgage broker violations of the Act; and (4) prohibit specified provisions and clauses in a high-cost mortgage.

Declares unenforceable under both Federal and State law a high-cost mortgage document in which blanks are left to be filled in after the contract is signed.

Prescribes requirements for conforming home loans. Prohibits creditors and mortgage brokers from directly or indirectly coercing, intimidating, or withholding compensation from an appraiser in order to influence the appraiser's independent judgment with respect to the value of real estate to be covered by a conforming home loan. Establishes criminal and civil penalties for violation of such prohibition.

Excludes from participation in mortgage-backed security pools high-cost or conforming home loans in violation of this Act.

Prescribes a formula for determining an alternative maximum amount of civil liability for credit or mortgage broker violations involving high-cost mortgages and conforming loans.]]>

Save Our Homes Act Display Title Save Our Homes Act Official Title as Introduced To amend the Truth in Lending Act, the Revised Statutes of the United States, the Home Mortgage Disclosure Act of 1975, and the amendments made by the Home Ownership and Equity Protection Act of 1994 to protect consumers from predatory lending practices, and for other purposes. Introduced in House IH Short Titles as Introduced Save Our Homes Act Introduced in House 2003-10-16T04:00:00Z 2003-10-22 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.