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- H.R.788
H.R.788: To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about housing and community development
- Introduced Feb. 2, 2009
- Latest Major Action Feb. 10, 2009
Bill Sponsor
Bill Cosponsors
3 (3 Democrats, 1 Republican)
Bill Summary
Shields a servicer of pooled residential mortgages acting in compliance with certain fiduciary duties under the Truth in Lending Act from liability for entering into a loan modification or workout plan in connection with any such mortgages initiated before January 1, 2012. Specifies that such servicers shall not be liable to: (1) any person based on that person's ownership of a residential mortgage loan or any interest in a pool of residential...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by Voice Vote.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 111-13.
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Placed on the Union Calendar, Calendar No. 5.
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| Feb. 2, 2009 |
Introduced in the House by Paul E. Kanjorski (D-Pa.) |