H.R.2570: Mortgage Fairness Act of 2017

About This Bill

Bill Sponsor

Bill Cosponsors

2 (All Republicans)

Bill Versions

Bill Summary

Mortgage Fairness Act of 2017 This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.2570.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2570.

Bill Actions

Date Description
Nov. 14, 2018
Placed on the Union Calendar, Calendar No. 801.
Nov. 14, 2018
Reported by the Committee on Financial Services. H. Rept. 115-1024.
July 24, 2018
Ordered to be Reported by the Yeas and Nays: 34 - 22.
July 24, 2018
Committee Consideration and Mark-up Session Held.
May 19, 2017
Referred to the House Committee on Financial Services.
May 19, 2017

Introduced in the House by Bill Posey (R-Fla.)

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