3.0.0 3581 2017-12-15T00:42:30Z 2017-12-15T00:42:30Z Senate S S 2008-09-25 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-09-25T18:48:52Z 2008-09-25 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-09-25 Sponsor introductory remarks on measure. (CR S9497-9498) IntroReferral B00100 9 Library of Congress 2008-09-25 Introduced in Senate IntroReferral 10000 9 Library of Congress 2008-09-18 Sponsor introductory remarks on measure. (CR S8969-8971) IntroReferral B00100 9 Library of Congress B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. N Finance and Financial Sector Bank examination Bank holding companies Commerce Consumer credit Executive reorganization Government Operations and Politics Government publicity Housing and Community Development Law Licenses Mortgage banks Mortgages Savings and loan associations Standards State laws Finance and Financial Sector 00 2008-09-25 Introduced in Senate 2009-01-06T17:06:54Z Mortgage Origination Commission Act of 2008 - Establishes the Mortgage Origination Commission to develop criteria and a numerical rating system to evaluate, and periodically report to the public on, the effectiveness of: (1) state licensing, supervision, and enforcement systems regarding mortgage loan originators and mortgage companies; and (2) mechanisms to collect, evaluate, and respond to complaints against state-licensed mortgage loan originators and mortgage companies.

Amends the Truth in Lending Act to declare that its consumer credit protections shall be enforced by: (1) the Board of Governors of the Federal Reserve System (Board) under the Federal Deposit Insurance Act with respect to bank holding companies; and (2) the Director of the Office of Thrift Supervision with respect to savings and loan holding companies.

Authorizes state agencies to enforce compliance with respect to requirements for extensions of credit secured by a consumer's dwelling (including residential mortgage transactions) against state-regulated or -licensed mortgage companies and mortgage loan originators.

Amends the Bank Holding Company Act to grant the Board examination authority over bank holding companies and their mortgage company subsidiaries.

Amends the Home Owners Loan Act to grant the Director examination authority over savings and loan holding companies and their mortgage company subsidiaries.

]]> Mortgage Origination Commission Act of 2008 Short Titles as Introduced Mortgage Origination Commission Act of 2008 Display Title Mortgage Origination Commission Act of 2008 Official Title as Introduced A bill to establish a Federal Mortgage Origination Commission, and for other purposes. Introduced in Senate 2008-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3581is/xml/BILLS-110s3581is.xml 2008-09-25 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.