3.0.0 6260 2023-01-11T13:21:32Z 2023-01-11T13:21:32Z House H HR 2010-09-29 111 hsba00 Financial Services Committee House Standing Referred to 2010-09-29T14:16:20Z 2010-09-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-09-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-09-29 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 N S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2010-09-29 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2010-09-29 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2010-09-29 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2010-09-29 True M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2010-09-29 True Housing and Community Development Government lending and loan guarantees Housing finance and home ownership User charges and fees Housing and Community Development 00 2010-09-29 Introduced in House 2010-12-30T19:57:13Z Homeowner Equity Protection Act of 2010 - Amends the Real Estate Settlement Procedures Act of 1974 to prohibit any person from demanding or accepting a transfer fee pursuant to a transfer fee covenant recorded in any state if the transfer for which such fee is imposed involves a federally related mortgage loan and the transfer occurs after the expiration of the 90-day period beginning on the date of the enactment of this Act. Prohibits enforcement of a lien purporting to secure the payment of such a fee.

Defines a "transfer fee covenant" as a provision in a document relating to the transfer of specified residential real property designed principally for the occupancy of from one to four families, whether recorded or not and however denominated, that: (1) purports to run with the land or bind current owners of, or successors in title to such real property; and (2) obligates a transferee or transferor of all or part of the property to pay a fee or charge to a third person upon transfer of an interest in all or part of the property, or in consideration for permitting any such transfer.

Imposes civil and criminal penalties, including liability for treble damages, for violation of this Act.

Allows an action pursuant to this Act to be brought in the U.S. district court, or in any other court of competent jurisdiction, for the district in which the property involved is located.

]]> Homeowner Equity Protection Act of 2010 Display Title Homeowner Equity Protection Act of 2010 Official Title as Introduced To amend the Real Estate Settlement Procedures Act of 1974 to prohibit certain transfer fees and covenants in connection with the sale of real property. Introduced in House IH Short Titles as Introduced Homeowner Equity Protection Act of 2010 Introduced in House 2010-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6260ih/xml/BILLS-111hr6260ih.xml 2010-09-29 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.