I 112th CONGRESS 1st Session H. R. 691 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.

1.

Short title

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

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:

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. .