To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.

Fact Sheet API

Bill Number

HR 2213

Introduced

May 1, 2015

Latest Action

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Civil actions and liability Finance and Financial Sector Housing finance and home ownership Real estate business

Full Text

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Votes

Summary

This bill prohibits until January 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.

No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.

Actions

Jun 11, 2015

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
May 1, 2015

Referred to the House Committee on Financial Services.
May 1, 2015

Introduced in House

Amendments

Related Bills