3.0.0 2296 2023-01-11T14:50:59Z 2023-01-11T14:50:59Z Senate S S 2007-11-01 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-11-01T22:19:18Z 2007-11-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-11-01 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2008-02-06 False Finance and Financial Sector Commerce Consumer education Economics and Public Finance Fees Housing and Community Development Income Mortgage interest rates Mortgages Real estate appraisal Variable rate mortgage loans Finance and Financial Sector 00 2007-11-01 Introduced in Senate 2007-11-30T16:57:50Z Mortgage Disclosure Enhancement Act of 2007 - Amends the Truth In Lending Act to require additional mortgage loan disclosures by a creditor to a consumer, including: (1) ) the percentage of the loan, as compared to the appraised value of the property; (2) the term of the loan; (3) the monthly income of the borrower, as relied upon in making the loan; (4) the annual percentage rate of interest for loans that are fixed, and for loans that are variable; (5) prepayment fees; and (6) balloon payments.

Amends the Real Estate Settlement Procedures Act of 1974 to conform with this Act.

]]> Mortgage Disclosure Enhancement Act of 2007 Display Title Mortgage Disclosure Enhancement Act of 2007 Official Title as Introduced A bill to provide for improved disclosures by all mortgage lenders at the loan approval and settlement stages of all mortgage loans. Introduced in Senate IS Short Titles as Introduced Mortgage Disclosure Enhancement Act of 2007 Introduced in Senate 2007-11-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2296is/xml/BILLS-110s2296is.xml 2007-11-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.