Skip to main content
H.R. 4019 110th Congress House

Mortgage Disclosure Improvement Act of 2007

Official title: To amend the Truth in Lending Act to enhance disclosure of the terms of home mortgage loans, and for other purposes.

Introduced: October 31, 2007 See on congress.gov
Finance and Financial Sector CommerceConsumer creditConsumer educationDamages
More subjectsShow fewer subjects
Housing and Community DevelopmentLawMortgage interest ratesMortgages
Sign in to write a letter Sign in to watch
This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
Jan 11, 2008
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Oct 31, 2007
Introduced in House
Oct 31, 2007
Referred to the House Committee on Financial Services.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action January 11, 2008

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Mortgage Disclosure Improvement Act of 2007 - Amends the Truth in Lending Act to require a creditor to disclose to a consumer with respect to an extension of credit secured by the consumer's dwelling that the consumer is not required to complete the credit agreement merely because the consumer has received required disclosures or signed a loan application.

Requires such disclosure to be furnished to the borrower not later than seven business days before the consummation of the transaction, as well as at the time of consummation.

Requires additional disclosures in such a circumstance regarding any variable rates or payment schedules.

Increases the actual damages for which a creditor is liable for noncompliance with such Act in the case of an individual action relating to a credit transaction not under an open end credit plan that is secured by real property or a dwelling. Replaces the current range of damages from $200 to $2,000 with a flat damages amount of $5,000, adjusted annually for inflation.

 Related & companion bills 2
  • S 2153 Mortgage Disclosure Improvement Act of 2007
  • S 2636 Foreclosure Prevention Act of 2008
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4019: Mortgage Disclosure Improvement Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-4019/
MLA
"H.R. 4019: Mortgage Disclosure Improvement Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-4019/.
Bluebook (legal)
H.R. 4019, 110th Cong. (2026), https://openamerica.io/bill/110-HR-4019/.
Markdown link
[H.R. 4019: Mortgage Disclosure Improvement Act of 2007](https://openamerica.io/bill/110-HR-4019/)
Report a problem