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HR 1053 107th Congress House

Equal Credit Enhancement and Neighborhood Protection Act of 2001

Official title: To amend the Equal Credit Opportunity Act and the Home Mortgage Disclosure Act of 1975 to reduce the disparate impact of predatory lending on minorities, and for other purposes.

Introduced: March 15, 2001 See on congress.gov
Civil Rights and Liberties, Minority Issues Administrative remediesAffiliated corporationsAge discriminationBank holding companies
More subjectsShow fewer subjects
Bank recordsCivil actions and liabilityCollection of accountsCommerceConsumer educationDebtDebtor and creditorDepartment of Housing and Urban DevelopmentDiscrimination in consumer creditEconomics and Public FinanceEvidence (Law)Federal-state relationsFeesFinance and Financial SectorFinance chargesFines (Penalties)Government Operations and PoliticsGovernment paperworkHousing and Community DevelopmentHousing discriminationHousing statisticsIncome statisticsInsurance ratesInterest ratesJudicial review of administrative actsLawLegal feesLiensMinoritiesMortgage banksMortgage loansMortgagesPrefabricated buildingsPunitive damagesRacial discriminationRevolving fundsSettlement costsSex discriminationSocial WelfareWomen
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
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
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 Latest action April 2, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Davis, Danny K.
Illinois · Apr 3, 2001
 D
Schakowsky, Janice D.
Illinois · Mar 15, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1053: Equal Credit Enhancement and Neighborhood Protection Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1053/
MLA
"H.R. 1053: Equal Credit Enhancement and Neighborhood Protection Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1053/.
Bluebook (legal)
H.R. 1053, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1053/.
Markdown link
[H.R. 1053: Equal Credit Enhancement and Neighborhood Protection Act of 2001](https://openamerica.io/bill/107-HR-1053/)
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