Bill115th CongressFiled Jul 28, 2017Finance and Financial Sector
H.R. 3538
Mortgage Sale Transparency Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 28, 2017)
Mortgage Sale Transparency Act of 2017
This bill amends the Truth in Lending Act to require in the event of a mortgage loan sale, transfer, or assignment to another creditor: (1) notice of the transfer to the borrower from the original creditor, (2) exemption from liability for the borrower in the event of an error in the transfer, and (3) a 90-day grace period for loan payments made by the borrower to the wrong lender.
What just happenedJul 28, 2017
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Rush, Bobby L. [D-IL-1](D-IL)Sponsor
1committees3actions2subjects
- Introduced in HouseJul 28, 2017
- Jul 28, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 28, 2017IntroReferralIntro-H
Introduced in House
- Jul 28, 2017IntroReferral1000
Introduced in House