Amendment110th Congress
912
- Amendment Number
- 912
- Purpose
- An amendment numbered 13 printed in House Report 110-450 to allow regulators to fine mortgage originators, assignees and securitizers who more than occasionally (`pattern or practice') violate the minimum standards for loans established in the bill at least $1 million, $25,000 per loan. Proceeds would be held in trust by the US Treasury for the benefit of borrowers who have no other avenue for obtaining a remedy.
- Congress
- 110
- Type
- HAMDT
- Latest Action Date
- Nov 15, 2007
- Latest Action Text
- By unanimous consent, the Frank (MA) amendment was withdrawn.
- Latest Action Time
- 16:29:06
- Submitted Date
- Nov 15, 2007
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020