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- H.R.2794
H.R.2794: Promoting Mortgage Responsibility Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced June 10, 2009
- Latest Major Action June 10, 2009
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Promoting Mortgage Responsibility Act - Amends the Truth in Lending Act to prohibit prepayment fees or penalties under any consumer credit transaction secured by the consumer's owner-occupied principal dwelling. Makes any prepayment penalty in violation of this prohibition unenforceable.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| June 10, 2009 |
Introduced in the House by Marcia L. Fudge (D-Ohio) |