[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1711 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1711

    To provide for a temporary safe harbor from the enforcement of 
integrated disclosure requirements for mortgage loan transactions under 
  the Real Estate Settlement Procedures Act of 1974 and the Truth in 
                  Lending Act, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              July 7, 2015

  Mr. Scott (for himself, Mr. Donnelly, Mr. Crapo, Mrs. Shaheen, Mr. 
Heller, Mr. King, Mr. Rounds, Mr. Daines, Ms. Ayotte, Mr. Roberts, and 
 Mr. Isakson) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    To provide for a temporary safe harbor from the enforcement of 
integrated disclosure requirements for mortgage loan transactions under 
  the Real Estate Settlement Procedures Act of 1974 and the Truth in 
                  Lending Act, and for other purposes.

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

SECTION 1. ENFORCEMENT SAFE HARBOR.

    The integrated disclosure requirements for mortgage loan 
transactions under section 4(a) of the Real Estate Settlement 
Procedures Act of 1974 (12 U.S.C. 2603(a)), section 105(b) of the Truth 
in Lending Act (15 U.S.C. 1604(b)), and regulations issued under such 
sections may not be enforced against any person until January 1, 2016, 
and no suit may be filed against any person for a violation of such 
requirements occurring before such date, so long as such person has 
made a good faith effort to comply with such requirements.
                                 <all>