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- H.R.3535
H.R.3535: Homebuyer's Protection Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Sept. 14, 2007
- Latest Major Action Sept. 14, 2007
Bill Sponsor
Bill Cosponsor
Bill Summary
Homebuyer's Protection Act of 2007 - Amends the Truth in Lending Act to require a creditor to establish, in an insured depository institution, an escrow or impound account for payment of taxes and hazard insurance at the time of the consummation of a subprime mortgage transaction. Requires such account to remain in existence for as long as the subprime mortgage is outstanding. Requires creditors, before consummating a consumer credit...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| Sept. 14, 2007 |
Introduced in the House by Paul W. Hodes (D-N.H.) |