Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.3538
H.R.3538: Mortgage Sale Transparency Act of 2017
About This Bill
- Introduced July 28, 2017
- Latest Major Action July 28, 2017
Bill Sponsor
Bill Version
- Introduced in House - July 28, 2017
Bill Summary
Mortgage Sale Transparency Act of 2017 This bill amends the Truth in Lending Act to require in the event of a mortgage loan sale, transfer, or assignment to another creditor: (1) notice of the transfer to the borrower from the original creditor, (2) exemption from liability for the borrower in the event of an error in the transfer, and (3) a 90-day grace period for loan payments made by the borrower to the wrong lender.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
July 28, 2017 |
Referred to the House Committee on Financial Services.
|
July 28, 2017 |
Introduced in the House by Bobby L. Rush (D-Ill.) |