HR 7059 · 96th Congress · Housing and Community Development

Home Mortgage Disclosure Act Amendments of 1980

Introduced 1980-04-15· Sponsored by Rep. St Germain, Fernand J. [D-RI-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1980-04-15)

Plain Language Summary

[AI summary unavailable — showing source text] Home Mortgage Disclosure Act Amendments of 1980 - Amends the Home Mortgage Disclosure Act of 1975 to require certain depository institutions to disclose, each calendar year (previously each fiscal year), by neighborhood, the number and dollar amount of mortgage and home improvement loans made and purchased. Specifies that any such disclosure, with respect to calendar year 1980 and thereafter, shall be compiled on a standardized form prescribed by the Board of Governors of the Federal Reserve System in consultation with specified Federal financial regulatory agencies. Requires such agencies, in consultation with the Department of Housing and Urban Development and such other public and private entities as such agencies deem appropriate, to jointly develop and implement means for increasing accessibility by the public to the information required to be disclosed under such Act. Requires such means to include the centralized collection and maintenance of such information by the financial regulatory agencies, other Federal agencies, local governments or government depository libraries. Requires proposed regulations with respect to the centralized collection and maintenance of information…

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