3.0.0 5941 2023-01-11T13:21:50Z 2023-01-11T13:21:50Z House H HR 2010-07-29 111 hsba00 Financial Services Committee House Standing Referred to 2010-07-29T14:09:34Z 2010-07-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-07-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-29 Introduced in House IntroReferral 1000 9 Library of Congress T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 N Housing and Community Development Government information and archives Government lending and loan guarantees Housing finance and home ownership User charges and fees Housing and Community Development 00 2010-07-29 Introduced in House 2010-10-05T20:37:24Z Anti-Redlining and Anti-Mortgage Fraud Act of 2010 - Makes it unlawful for any person or entity to extend credit, provide funds, or collect any payments in connection with an extension of credit secured by a single-family residence unless the originator has recorded the credit application with the clearinghouse established under this Act.

Directs the Secretary of the Treasury, acting through the Director of the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury, to: (1) establish a mortgage application recordation system which includes a clearinghouse, managed by a private sector entity, to record single-family residence mortgage applications; and (2) require mortgage originators to record such credit applications with the clearinghouse.

Prescribes criteria for the clearinghouse operator, which shall bear all clearinghouse costs.

Authorizes the Secretary to guarantee repayment of principal and interest on a loan to the clearinghouse operator sufficient to cover clearinghouse costs.

Requires the clearinghouse to collect information using an Internet-based electronic system. Makes all information collected by the clearinghouse is property of the Secretary.

]]> Anti-Redlining and Anti-Mortgage Fraud Act of 2010 Display Title Anti-Redlining and Anti-Mortgage Fraud Act of 2010 Official Title as Introduced To reduce fraud and abusive practices in the origination of residential mortgages by establishing a clearinghouse of mortgage application information. Introduced in House IH Short Titles as Introduced Anti-Redlining and Anti-Mortgage Fraud Act of 2010 Introduced in House 2010-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5941ih/xml/BILLS-111hr5941ih.xml 2010-07-29 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.