Home Ownership and Equity Protection Act of 1993

Summary

Home Ownership and Equity Protection Act of 1993 - Amends the Truth in Lending Act to set forth disclosure requirements for high cost mortgages (consumer credit transactions secured by a consumer's principal dwelling) which meet specified criteria with respect to: (1) the annual percentage rate; (2) the consumer's total monthly debt payments; and (3) points and fees which exceed certain limits. Prohibits such mortgages from containing: (1) prepayment penalties; (2) certain refinancing charges payable to the same creditor; (3) balloon payments; (4) negative amortization; and (5) prepaid payments. Imposes a civil penalty for violations of this Act.

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

Timeline

1. 7 May 1993

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 7 May 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S5709-5710)

   Source: IntroReferral

3. 7 May 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 19 May 1993

   Committee

   Committee on Banking. Hearings held.

   Source: Committee

5. 21 September 1993

   Reported

   Committee on Banking. Provisions of measure incorporated into measure S. 1275 ordered to be reported.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 May 1993 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 May 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 May 1993

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in Senate

  summary · EN · 7 May 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. Boxer, Barbara [D-CA] · D · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Sponsor
• Sen. Moseley-Braun, Carol [D-IL] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to ← Community Development Banking and Financial Institutions Act of 1994