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- H.R.1731
H.R.1731: Credit Risk Retention Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 26, 2009
- Latest Major Action March 26, 2009
Bill Sponsor
Bill Cosponsor
Bill Summary
Credit Risk Retention Act of 2009 - Amends the Truth in Lending Act to require the federal banking agencies to prescribe specified regulations jointly to require any creditor that makes a residential mortgage loan that is not a qualified mortgage (as defined by such agencies) to retain an economic interest in a material portion of the credit risk for any such loan that the creditor transfers, sells, or conveys to a third party. Requires the...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Financial Services.
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March 26, 2009 |
Introduced in the House by Walt Minnick (D-Idaho) |