3.0.0 2278 2019-02-20T23:27:31Z 2019-02-23T21:33:19Z Senate S S 2012-03-29 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2012-03-29T20:42:34Z Communities First Act 112 1600 S 2011-09-22 Read twice and referred to the Committee on Finance. Related bill CRS 2012-03-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2012-03-29 Introduced in Senate IntroReferral 10000 9 Library of Congress V000127 Sen. Vitter, David [R-LA] David Vitter R LA N Finance and Financial Sector Administrative law and regulatory procedures Consumer Financial Protection Bureau Consumer credit Housing finance and home ownership Finance and Financial Sector 00 2012-03-29 Introduced in Senate 2012-05-16T21:23:09Z Amends the Truth in Lending Act with respect to the requirement that a creditor, in connection with the consummation of a consumer credit transaction secured by a first lien on the consumer's principal dwelling (other than under an open end credit plan or a reverse mortgage) establish an escrow or impound account for the payment of taxes, hazard insurance, and specified other insurance premiums, if any.

Directs the Consumer Financial Protection Bureau (CFPB) to exempt from this escrow or impound account requirement any loan secured by a first lien on a consumer's principal dwelling if the loan is held by a smaller insured depository institution having assets of $10 billion or less.

]]> A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes. Display Title A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes. Official Title as Introduced A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes. Introduced in Senate 2012-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2278is/xml/BILLS-112s2278is.xml 2012-03-29 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.