summary
Introduced
05/07/2021
05/07/2021
In Committee
07/26/2021
07/26/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes.
AI Summary
This bill aims to improve language access in mortgage servicing by establishing several key provisions. It requires creditors to use a standard language preference form, provide translated documents and oral interpretation services to consumers with a preferred language, and notify consumers of available language services. It also requires servicers to include the standard language preference form in various notices, provide translated documents and oral interpretation services, and notify borrowers of available language services. The bill directs various federal agencies to jointly establish a language resource website and requires the agencies to report to Congress on regulatory recommendations to enhance mortgage processes for non-English speakers.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Placed on the Union Calendar, Calendar No. 281. (on 06/15/2022)
Official Document
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