Amendment102nd Congress
An amendment to require financial institutions to provide Truth-In-Lending disclosure information to homeowners within three days of filing an application to refinance a mortgage. Current law differentiates between original mortgages and refinanced mortgages, requiring only that such disclosure be made at the time of closing a loan for refinancing a mortgage.
- Amendment Number
- 789
- Description
- An amendment to require financial institutions to provide Truth-In-Lending disclosure information to homeowners within three days of filing an application to refinance a mortgage. Current law differentiates between original mortgages and refinanced mortgages, requiring only that such disclosure be made at the time of closing a loan for refinancing a mortgage.
- Purpose
- Amendment sought to require financial institutions to provide truth-in-lending disclosure information to homeowers within three days of filing an application to refinance a mortgage.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Aug 5, 1992
- Latest Action Text
- On agreeing to the Torres amendment (A001) Failed by recorded vote: 153 - 268 (Roll no. 364).
- Latest Action Time
- 13:47:42
- Submitted Date
- Aug 5, 1992
- Chamber
- House of Representatives
- Update Date
- Jul 10, 2021