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HR 1053 107th Congress House Civil Rights and Liberties, Minority Issues Administrative remedies Affiliated corporations Age discrimination Bank holding companies Bank records Civil actions and liability Collection of accounts Commerce Consumer education Debt Debtor and creditor Department of Housing and Urban Development Discrimination in consumer credit Economics and Public Finance Evidence (Law) Federal-state relations Fees Finance and Financial Sector Finance charges

Equal Credit Enhancement and Neighborhood Protection Act of 2001

Introduced: March 15, 2001 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 15, 2001
Referred to the House Committee on Financial Services.
Mar 15, 2001
Introduced in House
 Plain-English summary Congressional Research Service
Equal Credit Enhancement and Neighborhood Protection Act of 2001- Amends the Equal Credit Opportunity Act to make it unlawful for a creditor to: (1) not provide an applicant with the most favorable credit terms it or an affiliate has available; and (2) adversely target an applicant on the basis of race, color, religion, national origin sex, age, or marital status, with respect to a high cost mortgage.

Provides punitive damages for reverse redlining.

Applies the provisions of such Act to preapproval requests.

Amends the Home Mortgage Disclosure Act of 1975 to set forth additional disclosure requirements, including the requirement of a depository institution to identify any parent or affiliate company that makes or finances mortgage loans.

Directs the Secretary of Housing and Urban Development to enforce compliance, including imposition of civil money penalties, with respect to mortgage lenders not affiliated with depository institutions. Sets forth related agency procedures, including judicial review of agency-imposed penalties.

Provides for an alternative State enforcement action.

What's happening now April 2, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2