An amendment numbered 13 printed in House Report 110-450 to allow regulators to fine mortgage originators, assignees and securitizers who more than occasionally (`pattern or practice') violate the minimum standards for loans established in the bill at least $1 million, $25,000 per loan. Proceeds would be held in trust by the US Treasury for the benefit of borrowers who have no other avenue for obtaining a remedy.

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Introduced

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Last action

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Status

By unanimous consent, the Frank (MA) amendment was withdrawn.

Records

Official amendment HAMDT 912 (110th) from United States at United States Congress. Status: By unanimous consent, the Frank (MA) amendment was withdrawn..

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Related records

amends → Mortgage Reform and Anti-Predatory Lending Act of 2007

Sources

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

Official source: https://www.congress.gov/amendment/110th-congress/hamdt-912
Open data entity: https://api.congress.gov/v3/amendment/110/hamdt/912
us · 110-hamdt-912 · source updated 3 February 2022