Responsible Lending Act

Summary

Official

Responsible Lending Act - Amends the Truth in Lending Act to define: (1) high cost mortgage; and (2) points and fees. Revises specified liability and other related provisions. Provides for continuation of late fee and prepayment provision identification under the Alternative Mortgage Transaction parity Act of 1982. Amends the Housing and Urban Development Act of 1968 to establish in the...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(2/13/03)

Committee

Passed House

Passed Senate

President

Law