H.Amdt.118 - Amendment requires that the costs and benefits of each residential mortgage loan offered, discussed, or referred to by the originator, be clearly presented side by side and that the disclosures for each product have equal prominence. Amendment also provides that disclosure must be made in writing, the understanding of which will be acknowledged by the signature of the mortgage originator and consumer.
About This Bill
Passed
Latest Action · May 7, 2009
On agreeing to the Titus amendment (A012) Agreed to by voice vote.