To amend the Real Estate Settlement Procedures Act of 1974 to require the payment of interest on escrow and impoundment accounts established for the payment of taxes and fire and hazard insurance premiums on property securing a federally related mortgage loan.

referredUnited States· United States Congress· EN

Introduced

14 June 2001

Last action

—

Status

Referred to the Subcommittee on Housing and Community Opportunity.

Summary

Amends the Real Estate Settlement Procedures Act of 1974 to require the payment of interest (of at least 3.5 percent) to a borrower on escrow and impoundment accounts established for the payment of taxes and fire and hazard insurance premiums on property securing a federally related mortgage loan.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 14 June 2001
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Introduced in House (PDF)
Introduced in House · EN · 14 June 2001
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Introduced in House
summary · EN · 14 June 2001
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Sources

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Official source: https://www.congress.gov/bill/107th-congress/house-bill/2208
Open data entity: https://api.congress.gov/v3/bill/107/hr/2208