HR 3041 · 118th Congress · Finance and Financial Sector

Secure Americans from Financial Exploitation (SAFE) Act

Introduced 2023-05-02· Sponsored by Rep. Calvert, Ken [R-CA-41]· 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.(2023-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] Secure Americans from Financial Exploitation (SAFE) Act This bill prohibits the Federal Housing Finance Agency, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from implementing their January 2023-announced changes to the single-family pricing framework for fees on purchase, rate-term refinance, and cash-out refinance loans. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other factors.…

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

Cosponsors (1)

1 Republican
Rep. Issa, Darrell E. [R-CA-48]CA