HR 2794
111th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Consumer credit
Housing finance and home ownership
Promoting Mortgage Responsibility Act
Introduced: June 10, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2009
Referred to the House Committee on Financial Services.
Jun 10, 2009
Introduced in House
Plain-English summary
Promoting Mortgage Responsibility Act - Amends the Truth in Lending Act to prohibit prepayment fees or penalties under any consumer credit transaction secured by the consumer's owner-occupied principal dwelling.
Makes any prepayment penalty in violation of this prohibition unenforceable.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1