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HR 3393 114th Congress House

Mortgage Fairness Act of 2015

Official title: To amend the Truth in Lending Act to clarify that the points and fees in connection with a mortgage loan do not include certain compensation amounts already ta… Show full official titleShow less

Official title: To amend the Truth in Lending Act to clarify that the points and fees in connection with a mortgage loan do not include certain compensation amounts already taken into account in setting the interest rate on such loan, and for other purposes.

Introduced: July 29, 2015 See on congress.gov
Housing and Community Development Consumer creditHousing finance and home ownershipInterest, dividends, interest rates
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Jul 29, 2015
Referred to the House Committee on Financial Services.
Jul 29, 2015
Introduced in House
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 Latest action July 29, 2015

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Mortgage Fairness Act of 2015

This bill amends the Truth in Lending Act to revise points and fees under a high-cost mortgage which currently include all compensation paid directly or indirectly by a consumer or creditor to a mortgage originator from any source, including a mortgage originator that is also the creditor in a table-funded transaction.

"Table funding" means a settlement at which a loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds. A table-funded transaction is not a transaction in the secondary mortgage.

Compensation from any source shall not include any compensation taken into account in settling the mortgage interest rate and for which there is no separate charge to the consumer.

Such compensation shall include, however, any other compensation paid directly or indirectly by a consumer or creditor to an individual employed by or contracting with the originator or a mortgage originator.

 Related & companion bills 1
  • HR 2570 Reintroduced Bill Mortgage Fairness Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3393: Mortgage Fairness Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3393/
MLA
"H.R. 3393: Mortgage Fairness Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3393/.
Bluebook (legal)
H.R. 3393, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3393/.
Markdown link
[H.R. 3393: Mortgage Fairness Act of 2015](https://openamerica.io/bill/114-HR-3393/)
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