3.0.0 4854 2023-01-11T13:16:24Z 2023-01-11T13:16:24Z House H HR 2010-03-16 111 hsba00 Financial Services Committee House Standing Referred to 2010-03-16T14:31:48Z 2010-03-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-03-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-03-16 Introduced in House IntroReferral 1000 9 Library of Congress C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 N Housing and Community Development Administrative law and regulatory procedures Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government information and archives Housing finance and home ownership Licensing and registrations Real estate business State and local government operations Housing and Community Development 00 2010-03-16 Introduced in House 2010-04-28T21:39:24Z Home Inspection Act of 2010 - Requires the federal banking agencies to prescribe joint regulations to prohibit any lender from making any federally related mortgage loan, under which a home inspection is conducted in connection with settlement of such loan, unless such inspection is conducted by a home inspector who is licensed, certified, approved, or otherwise regulated by the inspector's home state or the state in which the real property is located.

Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to require the Secretary of Housing and Urban Development (HUD) to include in the HUD-1 settlement form: (1) an item for identifying any home inspection conducted in connection with the settlement; (2) when such inspection was or is to be completed; (3) the inspection's cost; (4) whether the charge for such inspection is imposed on the borrower or the seller; and (5) whether such charge has been paid before settlement and a copy of such receipt is included with the settlement documents.

]]> Home Inspection Act of 2010 Display Title Home Inspection Act of 2010 Official Title as Introduced To require that any home inspection conducted in connection with a purchase of residential real property that involves a federally related mortgage loan be conducted by a State-licensed or State-certified home inspector to determine the existence of structural, mechanical, and electrical safety defects, and to require inclusion in the standard HUD-1 settlement statement of information regarding any home inspection conducted in connection with settlement. Introduced in House IH Short Titles as Introduced Home Inspection Act of 2010 Introduced in House 2010-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4854ih/xml/BILLS-111hr4854ih.xml 2010-03-16 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.