A bill 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.
Latest action · Jul 7, 2015 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 7, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Jul 7, 2015 to Nov 3, 2015, with 10 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-ME | Angus S. King Jr. | Original | Jul 7, 2015 |
| R-NV | Dean Heller | Original | Jul 7, 2015 |
| D-NH | Jeanne Shaheen | Original | Jul 7, 2015 |
| D-IN | Joe Donnelly | Original | Jul 7, 2015 |
| R-GA | Johnny Isakson | Original | Jul 7, 2015 |
| R-NH | Kelly Ayotte | Original | Jul 7, 2015 |
| R-ID | Mike Crapo | Original | Jul 7, 2015 |
| R-SD | Mike Rounds | Original | Jul 7, 2015 |
| R-KS | Pat Roberts | Original | Jul 7, 2015 |
| R-MT | Steve Daines | Original | Jul 7, 2015 |
| R-CO | Cory Gardner | Aug 5, 2015 | |
| R-AZ | John McCain | Aug 5, 2015 | |
| R-SD | John Thune | Sep 24, 2015 | |
| R-PA | Patrick J. Toomey | Sep 24, 2015 | |
| R-OH | Rob Portman | Sep 24, 2015 |
Actions 2
Everything that happened, newest first.
- Jul 7, 2015Introduced in Senate
- Jul 7, 2015Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2213 | 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. | Identical bill | Jun 11, 2015 |
| HR 3192 | Homebuyers Assistance Act | Related bill | Oct 8, 2015 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 7, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.