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Searching...- Bills
- H.R.380
H.R.380: Home Ownership and Equity Protection Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about law
- Introduced Jan. 4, 1995
- Latest Major Action Jan. 27, 1995
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Home Ownership and Equity Protection Act of 1995 - 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 and Financial Services.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| Jan. 4, 1995 |
Introduced in the House by Edolphus Towns (D-N.Y.) |