HR 3556
104th Congress
House
Finance and Financial Sector
Commerce
Consumer education
Debtor and creditor
Fees
Financial statements
Government Operations and Politics
Government paperwork
Housing and Community Development
Law
Mortgage guaranty insurance
Mortgage loans
Punitive damages
Private Mortgage Insurance Consumer Protection Act
Introduced: May 30, 1996
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jun 6, 1996
Sponsor introductory remarks on measure. (CR H5983)
May 30, 1996
Referred to the House Committee on Banking and Financial Services.
May 30, 1996
Introduced in House
Plain-English summary
Private Mortgage Insurance Consumer Protection Act - Amends the Truth in Lending Act to prescribe guidelines under which a creditor must notify a consumer in writing of any cancellation rights with respect to private mortgage insurance if the consumer was required to obtain such insurance as a condition for entering into a residential mortgage transaction.
Prohibits the imposition of any fee or cost to the consumer for such notification.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2