HR 3559 · 101th Congress · Housing and Community Development

Neighborhood Mortgage Lenders Accountability Act

Introduced 1989-10-31· Sponsored by Rep. Ridge, Thomas J. [R-PA-21]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Development.(1989-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] Neighborhood Mortgage Lenders Accountability Act - Amends the National Housing Act to prohibit basing mortgage costs and interest on loan amounts. Requires assessments of mortgagees' performances in meeting the lending needs of the community with respect to residential housing lending, and plans to remedy any deficiencies. Provides for standardization of mortgage servicing fees.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Oakar, Mary Rose [D-OH-20]OH