3.0.0 3894 2023-01-11T20:23:39Z 2023-01-11T20:23:39Z House H HR 2007-10-18 110 hsba00 Financial Services Committee House Standing Referred to 2007-10-18T14:00:45Z 2007-10-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-10-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-18 Introduced in House IntroReferral 1000 9 Library of Congress B001253 Rep. Bean, Melissa L. [D-IL-8] Melissa Bean D IL L. 8 N Finance and Financial Sector Commerce Consumer credit Consumer education Counseling Debtor and creditor Government Operations and Politics Government paperwork Home ownership Housing and Community Development Mortgages Social Welfare Finance and Financial Sector 00 2007-10-18 Introduced in House 2008-02-04T19:30:47Z Negative Amortization Mortgage Loan Transparency Act - Amends the Truth in Lending Act to require a lender to make specified prior disclosures to a first-time borrower in connection with a consumer credit transaction secured by residential real property with a dwelling, other than a reverse mortgage, where the payment plan may result in negative amortization over the term of the loan.

Requires the consumer debtor to provide the creditor with documentation that the consumer received home ownership counseling from organizations or counselors certified by the Secretary of Housing and Urban Development.

]]> Negative Amortization Mortgage Loan Transparency Act Official Title as Introduced To amend the Truth in Lending Act to establish requirements for providing negatively amortizing mortgage loans to first-time borrowers, and for other purposes. Introduced in House IH Display Title Negative Amortization Mortgage Loan Transparency Act Short Titles as Introduced Negative Amortization Mortgage Loan Transparency Act Introduced in House 2007-10-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3894ih/xml/BILLS-110hr3894ih.xml 2007-10-18 Referred to the House Committee on Financial Services. 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.