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United States · Bill · HR

H.R. 3147 (101st)

Escrow Account Statement Act

referredUnited States· United States Congress· EN

Introduced

4 August 1989

Last action

15 August 1989 · Referred

Status

Referred to the Subcommittee on Housing and Community Development.

Sponsors

Rep. Bennett, Charles E. [D-FL-3], Rep. Annunzio, Frank [D-IL-11], Rep. Vento, Bruce F. [D-MN-4], Rep. Fascell, Dante B. [D-FL-19], Rep. Hunter, Duncan [R-CA-52], Rep. Johnson, Nancy L. [R-CT-5], Rep. Evans, Lane [D-IL-17], Rep. Lewis, John [D-GA-5], Rep. Studds, Gerry E. [D-MA-10], Rep. Bentley, Helen Delich [R-MD-2], Rep. Kolbe, Jim [R-AZ-8], Rep. Fawell, Harris W. [R-IL-13], Rep. Morrison, Bruce A. [D-CT-3], Rep. Collins, Cardiss [D-IL-7], Rep. Pelosi, Nancy [D-CA-11], Rep. Oberstar, James L. [D-MN-8], Rep. Pallone, Frank [D-NJ-6], Rep. Hubbard, Carroll, Jr. [D-KY-1], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Lancaster, H. Martin [D-NC-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Frost, Martin [D-TX-24], Rep. Torres, Esteban Edward [D-CA-34], Rep. Gingrich, Newt [R-GA-6], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Meyers, Jan [R-KS-3], Rep. Shays, Christopher [R-CT-4], Rep. Eckart, Dennis E. [D-OH-11], Rep. Kostmayer, Peter H. [D-PA-8]

Subjects

Housing

Source updated

26 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Escrow Account Statement Act - Amends the Real Estate Settlement Procedures Act of 1974 to mandate that an escrow servicer or lender that has established an escrow account in connection with a federally related mortgage loan submit to the borrower statements which clearly itemize: (1) at the opening or closing of the account, the charges which are reasonably anticipated to be paid from the account; and (2) annually, the amounts actually paid from such account as well as the annual balance. Establishes a civil penalty for failure to submit such itemized statements. Prohibits a lender from imposing preparation fees for escrow account statements.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 August 1989

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 4 August 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 August 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 15 August 1989

    Referred

    Referred to the Subcommittee on Housing and Community Development.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 4 August 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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