Amendment111th Congress
Amendment requires that the costs and benefits of each residential mortgage loan offered, discussed, or referred to by the originator, be clearly presented side by side and that the disclosures for each product have equal prominence. Amendment also provides that disclosure must be made in writing, the understanding of which will be acknowledged by the signature of the mortgage originator and consumer.
- Amendment Number
- 118
- Description
- Amendment requires that the costs and benefits of each residential mortgage loan offered, discussed, or referred to by the originator, be clearly presented side by side and that the disclosures for each product have equal prominence. Amendment also provides that disclosure must be made in writing, the understanding of which will be acknowledged by the signature of the mortgage originator and consumer.
- Purpose
- An amendment numbered 12 printed in House Report 111-98 to require that the costs and benefits of each residential mortgage loan offered, discussed or referred to by the originator be clearly presented side by side and that the disclosures for each product have equal prominence. Would require that disclosure be made in writing, the understanding of which will be acknowledged by the signature of the mortgage originator and consumer.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- May 7, 2009
- Latest Action Text
- On agreeing to the Titus amendment (A012) Agreed to by voice vote.
- Latest Action Time
- 13:57:38
- Submitted Date
- May 7, 2009
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022