H.R. 1153
Referred to CommitteeMortgage Choice Act of 2017
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/12/2018 • Senate
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Mortgage Choice Act of 2017
(Sec. 2) This bill amends the Truth in Lending Act to specify that neither escrow charges for insurance nor affiliated title charges shall be considered "points and fees" for purposes of determining whether a mortgage is a "high-cost mortgage." (A high-cost mortgage designation restricts the terms of the loan and requires a lender to make certain disclosures to the borrower.)
Passed House without amendment • 2/8/2018
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (18)
Party Breakdown
Sponsor
Cosponsors (17)
Bill Journey
Originated in the House
Introduced
February 16, 2017
Committee Review
November 14, 2017
Ordered to be Reported by the Yeas and Nays: 46 - 13.
Floor Debate
February 7, 2018
Passed Chamber
February 8, 2018
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (5)
H.R. 6147
Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
H.Res. 725
Providing for consideration of the bill (H.R. 772) to amend the Federal Food, Drug, and Cosmetic Act to improve and clarify certain disclosure requirements for restaurants and similar retail food establishments, and to amend the authority to bring proceedings under section 403A; providing for consideration of the bill (H.R. 1153) to amend the Truth in Lending Act to improve upon the definitions provided for points and fees in connection with a mortgage transaction; providing for consideration of the bill (H.R. 4771) to raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes; and for other purposes.
H.R. 10
Financial CHOICE Act of 2017
H.R. 6746
Protecting American Taxpayers and Homeowners Act of 2018
H.R. 685
Mortgage Choice Act of 2015