Amendment removes the civil liability of a lender and cancel the right of rescission for a borrower in instances when a borrower knowingly lied on their mortgage loan application.

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Amendment Number
907
Description
Amendment removes the civil liability of a lender and cancel the right of rescission for a borrower in instances when a borrower knowingly lied on their mortgage loan application.
Purpose
An amendment numbered 7 printed in House Report 110-450 to remove the civil liability of a lender and cancel the right of rescission for a borrower in instances when a borrower knowingly lied on their mortgage loan application.
Congress
110
Type
HAMDT
Latest Action Date
Nov 15, 2007
Latest Action Text
On agreeing to the Hensarling amendment (A010) as amended Agreed to by voice vote.
Latest Action Time
15:56:59
Submitted Date
Nov 15, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 907 — Informed