HR 3492 · 106th Congress · Finance and Financial Sector
Residential Loan Servicing Clarification Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-12-02)
Plain Language Summary
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Residential Loan Servicing Clarification Act - Amends the Fair Debt Collection Practices Act to exempt a servicer of federally related mortgage loans secured by first liens from certain debt collection disclosure and debt validation requirements if such servicer is a debt collector whose primary function is servicing such loans. Sets forth servicer-consumer validation statement requirements.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
6 Democrats3 Republicans