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S. 2278 112th Congress Senate

A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes.

Introduced: March 29, 2012 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresConsumer Financial Protection BureauConsumer creditHousing finance and home ownership
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Mar 29, 2012
Introduced in Senate
Mar 29, 2012
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Latest action March 29, 2012

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

 Plain-English summary Congressional Research Service

Amends the Truth in Lending Act with respect to the requirement that a creditor, in connection with the consummation of a consumer credit transaction secured by a first lien on the consumer's principal dwelling (other than under an open end credit plan or a reverse mortgage) establish an escrow or impound account for the payment of taxes, hazard insurance, and specified other insurance premiums, if any.

Directs the Consumer Financial Protection Bureau (CFPB) to exempt from this escrow or impound account requirement any loan secured by a first lien on a consumer's principal dwelling if the loan is held by a smaller insured depository institution having assets of $10 billion or less.

 Related & companion bills 1
  • S 1600 Communities First 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. 2278: A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes.. 112th Congress. Open America. https://openamerica.io/bill/112-S-2278/
MLA
"S. 2278: A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2278/.
Bluebook (legal)
S. 2278, 112th Cong. (2026), https://openamerica.io/bill/112-S-2278/.
Markdown link
[S. 2278: A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes.](https://openamerica.io/bill/112-S-2278/)
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