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HR 4594 101th Congress House

Mortgage Servicing Transfer Disclosure Act of 1990

Official title: To amend the Real Estate Settlement Procedures Act of 1974 to require notice to a borrower regarding transfer of the servicing of mortgage loan of the borrower, and for other purposes.

Introduced: April 24, 1990 See on congress.gov
Housing and Community Development Class actions (Civil procedure)Consumer educationMortgage banksMortgage loans
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 1990
Referred to the Subcommittee on Housing and Community Development.
Apr 24, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Apr 24, 1990
Introduced in House
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 Latest action May 1, 1990

Referred to the Subcommittee on Housing and Community Development.

 Plain-English summary Congressional Research Service

Mortgage Servicing Transfer Disclosure Act of 1990 - Amends the Real Estate Settlement Procedures Act of 1974 to prescribe mortgage servicing disclosure requirements for each person making a federally related mortgage loan to a consumer (including the identity of the person to whom the mortgage servicing contract is transferred).

Sets forth guidelines for the treatment of consumer loan payments during the period in which the mortgage loan servicing contract is being transferred. Sets forth liability guidelines for violations of this Act. Authorizes consumer class action suits.

Sets forth guidelines for annual notification to the consumer by the mortgage servicer of the consumer's escrow account status, including itemized expenses and anticipated charges.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 3 Republican 1
R
Smith, Christopher H.
New Jersey · May 8, 1990
 D
Kaptur, Marcy
Ohio · Apr 24, 1990
KLECZKA, GERALD
· Apr 24, 1990
 D
Pallone, Frank
New Jersey · Apr 24, 1990
 D
Wyden, Ron
Oregon · Apr 24, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4594: Mortgage Servicing Transfer Disclosure Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-4594/
MLA
"H.R. 4594: Mortgage Servicing Transfer Disclosure Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-4594/.
Bluebook (legal)
H.R. 4594, 101st Cong. (2026), https://openamerica.io/bill/101-HR-4594/.
Markdown link
[H.R. 4594: Mortgage Servicing Transfer Disclosure Act of 1990](https://openamerica.io/bill/101-HR-4594/)
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