Mortgage Disclosure Simplification Act of 2007

Summary

Mortgage Disclosure Simplification Act of 2007 - Amends the Real Estate Settlement Procedures Act of 1974 to instruct the Secretary of Housing and Urban Development to develop and prescribe standard written forms stating the essential terms of a federally related mortgage loan, which lenders or mortgage brokers shall provide to prospective mortgagors. Requires such disclosures to include: (1) a statement of terms regarding a federally related mortgage loan; and (2) a statement of basic easy-to-understand definitions or explanations of such terms.

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Timeline

1. 2 October 2007

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 2 October 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 October 2007

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 October 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 October 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 October 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 October 2007

  Open at official source

Sponsors

• Al Green · D · Sponsor
• Patrick McHenry · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Rep. Campbell, John [R-CA-45] · R · Cosponsor
• Rep. Feeney, Tom [R-FL-24] · R · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.