[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 691 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 691

 To amend the Truth in Lending Act to prohibit issuance of residential 
mortgages to any individual who lacks a Social Security account number.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 14, 2011

    Mr. Gingrey of Georgia introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Truth in Lending Act to prohibit issuance of residential 
mortgages to any individual who lacks a Social Security account number.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fairness in Lending Act of 2011''.

SEC. 2. MORTGAGES PROHIBITED FOR PRINCIPAL RESIDENCES OF INDIVIDUALS 
              WHO LACK SOCIAL SECURITY ACCOUNT NUMBERS.

    (a) In General.--Chapter 2 of the Truth in Lending Act (15 U.S.C. 
1631 et seq.) is amended by adding at the end the following new 
section:
``Sec. 140B. Mortgages prohibited for principal residences of 
              individuals who lack Social Security account numbers
    ``Notwithstanding any provision of State law, no credit may be 
extended by any creditor to any consumer who lacks a Social Security 
account number in any consumer credit transaction in which a security 
interest, including any such interest arising by operation of law, is 
or will be retained or acquired in any property located within the 
United States which is or, upon the completion of the transaction, will 
be used as the principal residence of such consumer.''.
    (b) Clerical Amendment.--The table of sections for chapter 2 of the 
Truth in Lending Act is amended by inserting after the item relating to 
section 140A the following new item:

``140B. Mortgages prohibited for principal residences of individuals 
                            who lack Social Security account 
                            numbers.''.
                                 <all>