United States · Bill · HR
H.R. 4076 (112th)
To amend the Truth in Lending Act to add a rule of construction relating to certain payments to an employee of a mortgage originator.
Introduced
17 February 2012
Last action
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Status
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sponsors
—
Subjects
Discovery layer
Source updated
6 February 2024
Summary
Amends the Truth in Lending Act to deny any construction of the prohibition against residential mortgage loan originator steering incentives as prohibiting a creditor or mortgage originator from reducing compensation to an employee mortgage originator if, after the employee mortgage originator has made the consumer an initial annual percentage rate (APR) offer, the employee mortgage originator makes a subsequent offer to the consumer that: (1) consists only of a reduction in the APR, and (2) is made in response to a lower APR offer to the consumer by another creditor or mortgage originator.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 17 February 2012
Introduced in House (PDF)
Introduced in House · EN · 17 February 2012
Introduced in House
summary · EN · 17 February 2012
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/112th-congress/house-bill/4076
- Open data entity: https://api.congress.gov/v3/bill/112/hr/4076