Mortgage Fairness Act of 2017

Summary

Mortgage Fairness Act of 2017 This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage originator. (A high-cost mortgage designation restricts the terms of a loan and requires a lender to make certain disclosures to the borrower.)

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 14 November 2018

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• Reported in House (PDF)

  Reported in House · EN · 14 November 2018

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• Reported to House without amendment

  summary · EN · 14 November 2018

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• Introduced in House (text)

  Introduced in House · EN · 19 May 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 19 May 2017

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• Introduced in House

  summary · EN · 19 May 2017

  Open at official source

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