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- H.R.2904
H.R.2904: Home Ownership and Equity Protection Act of 1993
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about finance and financial sector
- Introduced Aug. 5, 1993
- Latest Major Action Aug. 16, 1993
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Home Ownership and Equity Protection Act of 1993 - Amends the Truth in Lending Act to require the creditor of each high cost mortgage to provide certain clearly written, conspicuous disclosures regarding the risks associated with such mortgages. Prohibits such mortgages from containing: (1) a prepayment penalty for paying all or part of the principal prior to the date on which such balance is due; (2) certain refinancing fees; (3) balloon...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Banking, Finance + Urban Affrs.
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Referred to the Subcommittee on Consumer Credit and Insurance.
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Aug. 5, 1993 |
Introduced in the House by Edolphus Towns (D-N.Y.) |