3.0.0 3015 2023-01-11T13:37:46Z 2023-01-11T13:37:46Z House HR 2017-06-22 115 [Congressional Record Volume 163, Number 107 (Thursday, June 22, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MICHELLE LUJAN GRISHAM of New Mexico:H.R. 3015.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 the United StatesConstitution: ``The Congress shall have Power . . . To makeall Laws which shall be necessary and proper for carryinginto Execution the foregoing Powers, and all other Powersvested by this Constitution in the Government of the UnitedStates, or in any Department or Officer thereof.''[Page H5110]]]> hsba00 Financial Services Committee House Standing Referred to 2017-06-22T14:03:40Z 2017-06-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-06-22 Sponsor introductory remarks on measure. (CR H5096) IntroReferral B00100 9 Library of Congress 2017-06-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-06-22 Introduced in House IntroReferral 1000 9 Library of Congress L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 N Housing and Community Development Administrative law and regulatory procedures Business records Civil actions and liability Consumer Financial Protection Bureau Consumer affairs Department of Housing and Urban Development Executive agency funding and structure Foreign language and bilingual programs Government information and archives Housing finance and home ownership Interest, dividends, interest rates Lawyers and legal services Real estate business User charges and fees Housing and Community Development 00 2017-06-22 Introduced in House 2019-08-06T15:49:08Z National Homeowners Bill of Rights Act of 2017

This bill requires servicers of federally related mortgage loans to (1) establish for each borrower's account a single electronic record accessible throughout the servicer and available to all relevant staff; (2) maintain a website where borrowers may check their estimated net present value; and (3) provide free interpretation services to borrowers.

The bill also (1) establishes a loan-modification process to reduce the payments of eligible borrowers, (2) directs the Consumer Financial Protection Bureau to appoint a Mortgage Servicer Ombudsman, and (3) establishes certain limits on foreclosure sales.

]]> National Homeowners Bill of Rights Act of 2017 Display Title National Homeowners Bill of Rights Act of 2017 Official Title as Introduced To amend the Real Estate Settlement Procedures Act of 1974 to provide protections to borrowers, and for other purposes. Introduced in House IH Short Titles as Introduced National Homeowners Bill of Rights Act of 2017 Introduced in House 2017-06-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3015ih/xml/BILLS-115hr3015ih.xml 2017-06-22 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.