3.0.0 526 2023-01-12T17:52:50Z 2023-01-12T17:52:50Z House H HRES 2007-06-28 110 hsba00 Financial Services Committee House Standing Referred to 2007-06-28T14:02:30Z 2007-07-11 12:11:58 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2007-07-11 12:11:57 On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 411 - 7 (Roll no. 609). (text: CR 7/10/2007 H7448-7449) Floor H37300 2 House floor actions 609 https://clerk.house.gov/evs/2007/roll609.xml House 110 2007-07-11T16:11:57Z 1 2007-07-11 12:11:57 Passed/agreed to in House: On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 411 - 7 (Roll no. 609).(text: CR 7/10/2007 H7448-7449) Floor 8000 9 Library of Congress 609 https://clerk.house.gov/evs/2007/roll609.xml House 110 2007-07-11T16:11:57Z 1 2007-07-11 12:05:27 Considered as unfinished business. (consideration: CR H7505) Floor H30000 2 House floor actions 2007-07-10 15:28:09 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2007-07-10 15:04:29 DEBATE - The House proceeded with forty minutes of debate on H. Res. 526. Floor H8D000 2 House floor actions 2007-07-10 15:04:07 Considered under suspension of the rules. (consideration: CR H7448-7451) Floor H30000 2 House floor actions 2007-07-10 15:03:31 Mrs. Maloney (NY) moved to suspend the rules and agree to the resolution. Floor H30300 2 House floor actions 2007-06-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-06-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-28 Introduced in House IntroReferral 1000 9 Library of Congress C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 N Housing and Community Development Administrative procedure Commerce Congress Consumer education Consumer protection Counseling Debtor and creditor Fees Finance and Financial Sector Fines (Penalties) Foreclosure Fraud Government Operations and Politics Government regulation Law Legislation Mortgage banks Mortgages Real estate appraisal Social Welfare Standards Usury Housing and Community Development 00 2007-06-28 Introduced in House 2007-07-06T19:58:43Z Declares the sense of the House that specified government action should be taken that protects buyers from unscrupulous mortgage brokers and lenders.

]]> 81 2007-07-11 Passed House without amendment 2007-07-18T19:49:34Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Declares the sense of the House that specified government action should be taken that protects buyers from unscrupulous mortgage brokers and lenders.

Declares that such action should: (1) enforce rules to eliminate unfair and deceptive practices in sub-prime mortgage lending; (2) encourage lenders to evaluate a borrower's ability to reasonably repay any mortgage loan; (3) establish clear minimum standards for mortgage originators; (4) require that disclosures clearly and effectively communicate necessary information about any mortgage loan to the potential borrower; (5) reduce or eliminate abuses in prepayment penalties; (6) address appraisal and other mortgage fraud; (7) raise public awareness regarding mortgage originators whose loans have high foreclosure rates; and (8) increase opportunities for loan counseling.

]]> Supporting home ownership and responsible lending. Display Title Supporting home ownership and responsible lending. Official Title as Introduced Supporting home ownership and responsible lending. Introduced in House IH Engrossed in House 2007-07-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hres526eh/xml/BILLS-110hres526eh.xml Introduced in House 2007-06-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hres526ih/xml/BILLS-110hres526ih.xml 2007-07-11 Motion to reconsider laid on the table Agreed to without objection. 12:11:58 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.