HR 4178 · 110th Congress · Housing and Community Development

Emergency Mortgage Loan Modification Act of 2007

Introduced 2007-11-14· Sponsored by Rep. Castle, Michael N. [R-DE-At Large]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2007-11-14)

Plain Language Summary

[AI summary unavailable — showing source text] Emergency Mortgage Loan Modification Act of 2007- Amends the Truth in Lending Act to shield holders of residential mortgage loans from liability for entering into a qualified loan modification or workout plan on any residential mortgage loan consummated on or after January 1, 2004. Applies such shield from liability only to qualified loan modification or workout plans initiated during the six-month period beginning on the date of the enactment of this Act.…

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