HR 1728 Mortgage Reform and Anti-Predatory Lending Act
On March 26th, Rep. Bradley Miller [D-NC] introduced H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act, a bill that he is sponsoring. It has currently been referred to committee, the same committee of which will report on the act later.
For those not familiar with the basic life cycle of a bill (from govtrack.us):
- Introduced – Mar 26, 2009
- Referred to Committee – Mar 26, 2009
- Reported by Committee – (pending)
- Voted on in House – (pending)
- Voted on in Senate – (pending)
- Signed by President – (pending)
According to the NAFAC:
One key provision of H.R. 1728 would create a nationwide licensing and registration system for residential mortgage providers, something already included in the 2008 Housing and Economic Recovery Act. NCUA and other federal financial institution regulators are responsible for handling implementation for credit unions, banks and thrifts.
Tuesday’s session will be held at 10 a.m. in the Rayburn House Office Building. The committee said it may also hold additional sessions on subsequent days if needed.
Related Posts
- HR 3915 Mortgage Reform Act of 2007
- Mortgage Lending in Crisis: Insufficient Warehouse Lines Affect Lenders
- 11/9/07 NAMB Legislative Alert On HR 3915
- HR 3915 Mortgage Reform Bill – Full Text
- HR 3915 Reform Act Section by Section Summary
Trace Richardson has written 107 posts on LeadPress Mortgage Websites.
I'm Trace Richardson and I'm the founder of LeadPress. The LeadPress platform is the most powerful and customizable mortgage lead generation platform available today for brokers and bankers alike. I’m a former California Real Estate Broker and equities trader previously holding the Series 7, 63, 55 and 24 securities licenses.
One Response to “HR 1728 Mortgage Reform and Anti-Predatory Lending Act”
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Mortgage Industry, a House Built on Sand — Lenderama
- April 30th, 2009 at 10:51 am
