Amendment to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.

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Amendment Number
900
Description
Amendment to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.
Purpose
An amendment numbered 2 printed in House Report 110-450 to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.
Congress
110
Type
HAMDT
Latest Action Date
Nov 15, 2007
Latest Action Text
On agreeing to the Kanjorski amendment (A003) Agreed to by voice vote.
Latest Action Time
13:30:24
Submitted Date
Nov 15, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 900 — Informed