An amendment to provide civil penalties for any lender who fails to submit a statement to a borrower clearly itemizing the estimated taxes, insurance premiums, and other charges anticipated to be paid from the escrow account during the first 12 months afer the establishment of such account. Penalties would include a cost of $50 for each such failure, up to a total cost of $100,000. Intentional failure to provide borrowers with such a statement would incurr a cost of $100 per such failure, with an unlimited maximum total cost.

passedUnited States· United States Congress· EN

Introduced

—

Last action

—

Status

On agreeing to the Bennett amendment (A023) Agreed to by voice vote.

Records

Official amendment HAMDT 655 (101st) from United States at United States Congress. Status: On agreeing to the Bennett amendment (A023) Agreed to by voice vote..

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

No documents linked.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Vertaal naar

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

amends → Housing and Community Development Act of 1990

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/amendment/101st-congress/hamdt-655
Open data entity: https://api.congress.gov/v3/amendment/101/hamdt/655
us · 101-hamdt-655 · source updated 1 July 2021