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S 2296 110th Congress Senate Finance and Financial Sector Commerce Consumer education Economics and Public Finance Fees Housing and Community Development Income Mortgage interest rates Mortgages Real estate appraisal Variable rate mortgage loans

Mortgage Disclosure Enhancement Act of 2007

Introduced: November 1, 2007 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 1, 2007
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 1, 2007
Introduced in Senate
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 Plain-English summary Congressional Research Service

Mortgage Disclosure Enhancement Act of 2007 - Amends the Truth In Lending Act to require additional mortgage loan disclosures by a creditor to a consumer, including: (1) ) the percentage of the loan, as compared to the appraised value of the property; (2) the term of the loan; (3) the monthly income of the borrower, as relied upon in making the loan; (4) the annual percentage rate of interest for loans that are fixed, and for loans that are variable; (5) prepayment fees; and (6) balloon payments.

Amends the Real Estate Settlement Procedures Act of 1974 to conform with this Act.

What's happening now November 1, 2007

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2296: Mortgage Disclosure Enhancement Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2296/
MLA
"S. 2296: Mortgage Disclosure Enhancement Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2296/.
Bluebook (legal)
S. 2296, 110th Cong. (2026), https://openamerica.io/bill/110-S-2296/.
Markdown link
[S. 2296: Mortgage Disclosure Enhancement Act of 2007](https://openamerica.io/bill/110-S-2296/)
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