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HR 4213 106th Congress House

Consumer Mortgage Protection Act of 2000

Official title: To provide expanded substantive protections for especially vulnerable consumers against abusive mortgage lending practices and to streamline the framework regulating mortgage originations.

Introduced: October 27, 2000 See on congress.gov
Finance and Financial Sector CommerceConsumer creditConsumer educationConsumer protection
More subjectsShow fewer subjects
Debtor and creditorEconomics and Public FinanceFederal preemptionFederally-assisted loansFederally-guaranteed loansFinancial statementsFines (Penalties)ForeclosureGovernment Operations and PoliticsGovernment lendingGovernment paperworkHousing and Community DevelopmentLiensLoan defaultsMortgage banks
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2000
Referred to the Subcommittee on Housing and Community Opportunity.
Apr 6, 2000
Referred to the House Committee on Banking and Financial Services.
Apr 6, 2000
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 6, 2000
Introduced in House
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 Latest action April 6, 2000

Referred to the Subcommittee on Housing and Community Opportunity.

 Plain-English summary Congressional Research Service
Consumer Mortgage Protection Act of 2000 - Amends the Truth in Lending Act to: (1) reformulate annual percentage rates and total points and fees in connection with certain credit transactions secured by to the consumer's principal dwelling (high-cost mortgage); (2) repeal disclosure requirements with respect to prepayment penalties; (3) revise requirements for permissible prepayment penalties; (4) prohibit mandatory prepaid payments on such mortgages; (5) place limitations upon the charging of closing costs; and (6) proscribe creditor encouragement of consumer's default.

(Sec. 3) Requires a creditor to report a consumer's mortgage payment history to a nationally recognized credit bureau at least quarterly.

Prohibits creditor profit from the sale at foreclosure of property securing a high-cost mortgage.

Requires a high-cost mortgage creditor to respond within three business days to a request for a written statement setting forth the amounts necessary to fully satisfy the debt obligation.

Redraws creditor liability guidelines.

(Sec. 4) Amends the Real Estate Settlement Procedures Act to revise guidelines for: (1) standard Federal forms for the statement of settlement costs; and (2) information booklets that advise the consumer of certain sources of mortgage broker compensation.

(Sec. 5) Establishes Federal preemption of State law concerning subject matter under this Act. Empowers the Board of Governors of the Federal Reserve System to interpret Federal preemption issues under this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Simpson, Michael K.
Idaho · Oct 27, 2000
 D
Smith, Adam
Washington · Jun 20, 2000
 R
Aderholt, Robert B.
Alabama · May 24, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4213: Consumer Mortgage Protection Act of 2000. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4213/
MLA
"H.R. 4213: Consumer Mortgage Protection Act of 2000." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4213/.
Bluebook (legal)
H.R. 4213, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4213/.
Markdown link
[H.R. 4213: Consumer Mortgage Protection Act of 2000](https://openamerica.io/bill/106-HR-4213/)
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