Promoting Mortgage Responsibility Act

Summary

Promoting Mortgage Responsibility Act - Amends the Truth in Lending Act to prohibit prepayment fees or penalties under any consumer credit transaction secured by the consumer's owner-occupied principal dwelling. Makes any prepayment penalty in violation of this prohibition unenforceable.

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Timeline

1. 28 April 2009

   Introduced

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

   Source: IntroReferral

2. 28 April 2009

   Introduced

   Sponsor introductory remarks on measure. (CR S4812-4813)

   Source: IntroReferral

3. 28 April 2009

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 April 2009 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 April 2009

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 April 2009

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 April 2009

  Open at official source

Sponsors

• Jeff Merkley · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → Promoting Mortgage Responsibility Act