Consumer Protection Home Inspection Counseling Act of 2012

Summary

Consumer Protection Home Inspection Counseling Act of 2012 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to direct the Secretary of Housing and Urban Development (HUD) to publish a Mortgagee Letter informing mortgagees of their obligation to provide prospective homebuyers with specified HUD public outreach publications concerning the importance of obtaining independent home inspections. Requires persons providing housing counseling for HUD-approved counseling agencies to: (1) be trained through a certain voluntary home inspection training module, and (2) distribute and explain certain counseling aids. Requires any homeownership counseling program under HUD auspices or administration to be provided only by organizations or counselors HUD-certified as competent to provide voluntary home inspection counseling. Authorizes HUD to withhold, withdraw, or suspend housing counseling certifications for any non-compliant housing counselor or counseling entity. Requires HUD to establish a comprehensive program to train HUD staff, contractors, individuals, and entities that provide housing counseling under specified HUD-funded programs also to provide counseling to consumers on voluntary home inspection. Requires such training program to include development of a training module to: (1) train counselors as well as counseling aids for use by housing counselors and suitable for distribution to consumers; and (2) be comprehensible to untrained consumers with or without ongoing assistance from housing counselors. Requires HUD, at the Secretary's discretion, to develop a new independent protocol, or amend existing protocols, to certify that such housing counselors have successfully completed training using the voluntary home inspection training module and counseling aids established under this Act.

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Timeline

1. 20 March 2012

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 20 March 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 2012

   Introduced

   Introduced in House

   Source: IntroReferral

4. 26 April 2012

   Referred

   Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 March 2012 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 March 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 March 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 March 2012

  Open at official source

Sponsors

• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• · hsba00 · Standing

Related records

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