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S. 911 111th Congress Senate

Promoting Mortgage Responsibility Act

Official title: A bill to amend the Truth in Lending Act to prohibit prepayment penalties, and for other purposes.

Introduced: April 28, 2009 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationConsumer creditHousing finance and home ownership
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 28, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 28, 2009
Sponsor introductory remarks on measure. (CR S4812-4813)
Apr 28, 2009
Introduced in Senate
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 Latest action April 28, 2009

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

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 2794 Promoting Mortgage Responsibility Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 911: Promoting Mortgage Responsibility Act. 111th Congress. Open America. https://openamerica.io/bill/111-S-911/
MLA
"S. 911: Promoting Mortgage Responsibility Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-911/.
Bluebook (legal)
S. 911, 111th Cong. (2026), https://openamerica.io/bill/111-S-911/.
Markdown link
[S. 911: Promoting Mortgage Responsibility Act](https://openamerica.io/bill/111-S-911/)
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