United States · Bill · HR
H.R. 1360 (99th)
A bill to require depository institutions to pay promptly all State and local property tax bills for which they are holding funds in escrow.
Introduced
28 February 1985
Last action
—
Status
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
6 February 2024
Summary
Requires depository institutions which are holding funds in escrow to pay State and local property taxes to pay such taxes not later than ten days after the due date for such payment. Permits the Board of Governors of the Federal Reserve System to impose a civil penalty of not more than $1,000 for each willful violation by a depository institution. Permits the institution of a civil action for failure to pay any civil penalty assessed.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 28 February 1985
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/1360
- Open data entity: https://api.congress.gov/v3/bill/99/hr/1360