HR 2446 · 112th Congress · Housing and Community Development
RESPA Home Warranty Clarification Act of 2012
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2012-08-02)
Plain Language Summary
[AI summary unavailable — showing source text]
RESPA Home Warranty Clarification Act of 2011 - Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to state that no prohibited kickback or unearned fee incident to a real estate settlement service involving a federally related mortgage loan shall be deemed to include, or be deemed to have included, homeowner warranties or similar residential service contracts for the repair or replacement of home system components or home appliances. Requires any person that pays another person not employed by the person for selling, advertising, marketing, or processing, or performing an inspection in connection with, a homeowner warranty or similar residential service contract for the repair or replacement of home system components or home appliances, to include a specified statement reflecting this Act in any such warranty or contract incident to a transaction involving the origination of a federally related mortgage loan.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2446, RESPA Home Warranty Clarification Act of 2011
May 15, 2012As ordered reported by the House Committee on Financial Services on March 27, 2012
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
9 Democrats11 Republicans