United States · Amendment · HAMDT
HAMDT 901 (110th)
An amendment numbered 3 printed in House Report 110-450 to require a borrower to receive the option of a mortgage without a prepayment penalty, if they are offered an amendment with a prepayment penalty. Sets the maximum time for a prepayment penalty of 3 years and a maximum prepayment amount of 3% of the loan for the first year, 2% for the second year and 1% for the third year.
Introduced
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Last action
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Status
On agreeing to the Maloney (NY) amendment (A004) Agreed to by voice vote.
Sponsors
Rep. Maloney, Carolyn B. [D-NY-12]
Subjects
Discovery layer
Source updated
3 February 2022
Records
Official amendment HAMDT 901 (110th) from United States at United States Congress. Status: On agreeing to the Maloney (NY) amendment (A004) Agreed to by voice vote..
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Sponsors
- Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/amendment/110th-congress/hamdt-901
- Open data entity: https://api.congress.gov/v3/amendment/110/hamdt/901
- us · 110-hamdt-901 · source updated 3 February 2022