A bill to provide for an exemption for community banks to certain escrow requirements under the Truth in Lending Act, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

29 March 2012

Last action

29 March 2012 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Amends the Truth in Lending Act with respect to the requirement that a creditor, in connection with the consummation of a consumer credit transaction secured by a first lien on the consumer's principal dwelling (other than under an open end credit plan or a reverse mortgage) establish an escrow or impound account for the payment of taxes, hazard insurance, and specified other insurance premiums, if any. Directs the Consumer Financial Protection Bureau (CFPB) to exempt from this escrow or impound account requirement any loan secured by a first lien on a consumer's principal dwelling if the loan is held by a smaller insured depository institution having assets of $10 billion or less.

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

Timeline

29 March 2012
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
29 March 2012
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 29 March 2012 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 29 March 2012
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Introduced in Senate (PDF)
Introduced in Senate · EN · 29 March 2012
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Introduced in Senate
summary · EN · 29 March 2012
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Communities First Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/senate-bill/2278
Open data entity: https://api.congress.gov/v3/bill/112/s/2278
us · 112-s-2278 · source updated 14 January 2025