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- H.R.3705
H.R.3705: Fair Disclosure for Homeowners Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about government operations and politics
- Introduced Sept. 27, 2007
- Latest Major Action Dec. 10, 2007
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Summary
Fair Disclosure for Homeowners Act of 2007 - Amends the Truth in Lending Act to require the creditor or servicer of a loan to disclose specified financial information in writing to a consumer concerning the interest rate in effect during the introductory period of a hybrid adjustable rate mortgage which adjusts or resets to a variable interest rate. Requires such disclosure to include: (1) any index or formula used in making adjustments to or...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Financial Services.
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|
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| Sept. 27, 2007 |
Introduced in the House by Betty Sutton (D-Ohio) |