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HR 3133 110th Congress House Housing and Community Development Commerce Congress Congressional reporting requirements Consumer complaints Consumer education Consumer protection Counseling Economics and Public Finance Federal advisory bodies Federal aid to housing Finance and Financial Sector Foreclosure Government Operations and Politics Governmental investigations Home ownership Housing finance Loan defaults Mortgages Nonprofit organizations

Financial Literacy for Homeowners Act

Introduced: July 23, 2007 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2007
Referred to the House Committee on Financial Services.
Jul 23, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Financial Literacy for Homeowners Act - Authorizes the Secretary of the Treasury to make grants to state and local governments and nonprofit organizations to implement anti-predatory lending activities, including: (1) consumer education programs; (2) certified home ownership counseling programs; and (3) referral services for homeowners and prospective homeowners.

Directs the Secretary provide for establishment, operation, and publication of a nationwide toll-free telephone number to receive consumer complaints regarding predatory and unscrupulous lending practices relating to home loans.

Establishes the Predatory Lending Advisory Council to: (1) advise the Secretary; and (2) study and report to the Secretary and Congress on the root causes of default and foreclosure of home loans.

What's happening now July 23, 2007

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2