Consumer Mortgage Protection Act of 2000

[AI summary unavailable — showing source text] Consumer Mortgage Protection Act of 2000 - Amends the Truth in Lending Act to: (1) reformulate annual percentage rates and total points and fees in connection with certain credit transactions secured by to the consumer's principal dwelling (high-cost mortgage); (2) repeal disclosure requirements with respect to prepayment penalties; (3) revise requirements for permissible prepayment penalties; (4) prohibit mandatory prepaid payments on such mortgages; (5) place limitations upon the charging of closing costs; and (6) proscribe creditor encouragement of consumer's default. (Sec. 3) Requires a creditor to report a consumer's mortgage payment history to a nationally recognized credit bureau at least quarterly. Prohibits creditor profit from the sale at foreclosure of property securing a high-cost mortgage. Requires a high-cost mortgage creditor to respond within three business days to a request for a written statement setting forth the amounts necessary to fully satisfy the debt obligation. Redraws creditor liability guidelines. (Sec. 4) Amends the Real Estate Settlement Procedures Act to revise guidelines for: (1) standard Federal forms for the statement of settlement costs; and (2) i…