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- H.R.3153
H.R.3153: Home 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 Sept. 28, 1993
- Latest Major Action March 22, 1994
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
25 (All Democrats)
Bill Summary
Home 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 the balance is due; (2) certain refinancing fees; (3) balloon payments; (4)...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Banking, Finance + Urban Affrs.
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Sponsor introductory remarks on measure.
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Referred to the Subcommittee on Consumer Credit and Insurance.
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Subcommittee Hearings Held.
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| Sept. 28, 1993 |
Introduced in the House by Joseph P. Kennedy II (D-Mass.) |