Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1592
S.1592: Federal Board of Certification Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Aug. 6, 2009
- Latest Major Action Aug. 6, 2009
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Federal Board of Certification Act of 2009 - Establishes a Federal Board of Certification to certify that the mortgages within a security instrument meet the underlying standards they claim to meet with regards to such mortgage characteristics as: (1) documentation; (2) loan to value ratios; (3) debt service to income ratios; and (4) borrower credit standards and geographic concentration. States that the purpose of this certification process...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
|
|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| Aug. 6, 2009 |
Introduced in the Senate by Olympia J. Snowe (R-Maine) |