summary
Introduced
02/05/2019
02/05/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements. This bill expands requirements for public disclosures by depository institutions and credit unions regarding mortgages and home equity lines of credit. Specifically, institutions originating fewer than 500 mortgage loans or open-end lines of credit annually are no longer exempt from certain financial reporting.
AI Summary
This bill, the Home Loan Quality Transparency Act of 2019, amends the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements. Specifically, it removes the exemption from certain financial reporting requirements for depository institutions and credit unions that originate fewer than 500 mortgage loans or open-end lines of credit annually. This bill aims to expand public disclosures by these smaller institutions regarding their mortgage and home equity loan activities.
Committee Categories
Housing and Urban Affairs
Sponsors (16)
Catherine Cortez Masto (D)*,
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Maria Cantwell (D),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Kamala Harris (D),
Amy Klobuchar (D),
Bob Menendez (D),
Tina Smith (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/05/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/331/all-info |
| BillText | https://www.congress.gov/116/bills/s331/BILLS-116s331is.pdf |
| Bill | https://www.congress.gov/116/bills/s331/BILLS-116s331is.pdf.pdf |
Loading...