Amendment101st Congress
Amendment required lenders to notify homeowners of the availability of credit counseling services no later than 45 days after a mortgage payment was in arrears; and also required HUD to contract with a private entity to establish a monitoring system to ensure that lenders comply with notification requirements.
- Amendment Number
- 639
- Description
- Amendment required lenders to notify homeowners of the availability of credit counseling services no later than 45 days after a mortgage payment was in arrears; and also required HUD to contract with a private entity to establish a monitoring system to ensure that lenders comply with notification requirements.
- Purpose
- An amendment requiring lenders to notify homeowners of the availability of credit counseling services no later than 45 days after a mortgage payment is in arrears. The amendment would also require HUD to contract with a private entity to establish a monitoring system to ensure that lenders comply with the provisions of the amendment.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jul 31, 1990
- Latest Action Text
- On agreeing to the Traficant amendment (A007) Agreed to by voice vote.
- Latest Action Time
- 16:24:26
- Submitted Date
- Jul 31, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021