[Congressional Record Volume 143, Number 160 (Thursday, November 13, 1997)]
[Senate]
[Page S12681]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            REAL ESTATE SETTLEMENT PROCEDURES ACT AMENDMENTS

  Mr. LOTT. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of H.R. 607, which is at the 
desk.
  The PRESIDING OFFICER. The clerk will report.
  The legislative clerk read as follows:

       A bill (H.R. 607) to amend the Real Estate Settlement 
     Procedures Act of 1974 to require notice of cancellation 
     rights with respect to private mortgage insurance which is 
     required as a condition of entering into certain federally 
     related mortgage loans and to provide for cancellation of 
     such insurance, and for other purposes.

  The PRESIDING OFFICER. Is there objection to the immediate 
consideration of the bill?
  There being no objection, the Senate proceeded to consider the bill.


                           Amendment No. 1637

     (Purpose: To provide for a substitute and to amend the title.)

  Mr. LOTT. Mr. President, Senator D'Amato has a substitute amendment 
at the desk, and I ask for its consideration.
  The PRESIDING OFFICER. The clerk will report.
  The legislative clerk read as follows:

       The Senator from Mississippi [Mr. Lott], for Mr. D'Amato, 
     proposes an amendment numbered 1637.

  Mr. LOTT. Mr. President, I ask unanimous consent that the reading of 
the amendment be dispensed with.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment is as follows:
  (The text of the amendment is printed in today's Record under 
``Amendments Submitted.'')
  Mr. LOTT. Mr. President, I ask unanimous consent that the amendment 
be agreed to, the bill be considered read a third time and passed, as 
amended; that the motion to reconsider be laid upon the table; and that 
any statements relating to the bill appear at the appropriate place in 
the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 1637) was agreed to.
  The bill (H.R. 607), as amended, was read the third time and passed.

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