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- S.2296
S.2296: Mortgage Disclosure Enhancement Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about economics and public finance
- Introduced Nov. 1, 2007
- Latest Major Action Nov. 1, 2007
Bill Sponsor
Bill Cosponsor
Bill Summary
Mortgage Disclosure Enhancement Act of 2007 - Amends the Truth In Lending Act to require additional mortgage loan disclosures by a creditor to a consumer, including: (1) ) the percentage of the loan, as compared to the appraised value of the property; (2) the term of the loan; (3) the monthly income of the borrower, as relied upon in making the loan; (4) the annual percentage rate of interest for loans that are fixed, and for loans that are...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Nov. 1, 2007 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |