HR 3556 · 104th Congress · Finance and Financial Sector

Private Mortgage Insurance Consumer Protection Act

Introduced 1996-05-30· Sponsored by Rep. Hansen, James V. [R-UT-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1996-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] Private Mortgage Insurance Consumer Protection Act - Amends the Truth in Lending Act to prescribe guidelines under which a creditor must notify a consumer in writing of any cancellation rights with respect to private mortgage insurance if the consumer was required to obtain such insurance as a condition for entering into a residential mortgage transaction. Prohibits the imposition of any fee or cost to the consumer for such notification.…

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

Cosponsors (20)

13 Democrats7 Republicans