3.0.0 2570 2023-01-11T13:36:41Z 2023-01-11T13:36:41Z House HR 2017-05-19 115 [Congressional Record Volume 163, Number 87 (Friday, May 19, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POSEY:H.R. 2570.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3--``The Congress shall havethe power to . . . regulate commerce with foreign nations,and among the several states, and with the Indian tribes;''[Page H4390]]]> hsba00 Financial Services Committee House Standing Reported by 2018-11-14T22:31:18Z Markup by 2018-07-24T14:11:47Z Referred to 2017-05-19T13:02:30Z H. Rept. 115-1024 2018-11-14 Placed on the Union Calendar, Calendar No. 801. Calendars H12410 2 House floor actions U00801 2018-11-14 Reported by the Committee on Financial Services. H. Rept. 115-1024. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-11-14 Reported by the Committee on Financial Services. H. Rept. 115-1024. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2018-07-24 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 34 - 22. Committee 2018-07-24 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-05-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-05-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-19 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 N R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-12-11 False R000409 Rep. Rohrabacher, Dana [R-CA-48] DANA ROHRABACHER R CA 48 2018-05-10 False 2018-09-13T15:00:00Z H.R. 2570, Mortgage Fairness Act of 2017 https://www.cbo.gov/publication/54464 As ordered reported by the House Committee on Financial Services on July 24, 2018 Housing and Community Development Consumer credit Housing finance and home ownership Interest, dividends, interest rates Housing and Community Development 00 2017-05-19 Introduced in House 2018-05-03T17:57:53Z Mortgage Fairness Act of 2017

This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage originator. (A high-cost mortgage designation restricts the terms of a loan and requires a lender to make certain disclosures to the borrower.)

]]> 79 2018-11-14 Reported to House without amendment 2018-11-29T17:23:53Z Mortgage Fairness Act of 2017

This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage originator. (A high-cost mortgage designation restricts the terms of a loan and requires a lender to make certain disclosures to the borrower.)

]]> Mortgage Fairness Act of 2017 Display Title Mortgage Fairness Act of 2017 Official Title as Introduced To amend the Truth in Lending Act to clarify that the points and fees in connection with a mortgage loan do not include certain compensation amounts already taken into account in setting the interest rate on such loan, and for other purposes. Introduced in House IH Short Titles as Introduced Mortgage Fairness Act of 2017 Short Titles as Reported to House Mortgage Fairness Act of 2017 H House Reported in House 2018-11-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2570rh/xml/BILLS-115hr2570rh.xml Introduced in House 2017-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2570ih/xml/BILLS-115hr2570ih.xml 2018-11-14 Placed on the Union Calendar, Calendar No. 801. 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.