S 2291 · 96th Congress · Housing and Community Development
Home Mortgage Disclosure Renewal and Amendments Act of 1980
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1980-02-18)
Plain Language Summary
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Home Mortgage Disclosure Renewal and Amendments Act of 1980 - Amends the Home Mortgage Disclosure Act of 1975 to require certain depository institutions to disclose, each calendar year beginning in 1980, by neighborhood, the number and dollar amount of mortgage and home improvement loans made and purchased. Specifies that any depository institution which is required to make such disclosures but which has been making disclosures on some basis other than a calendar year basis shall make available a separate disclosure statement containing data for any period prior to calendar year 1980 which is not covered by the last full year report prior to the 1980 calendar year report. Requires the Board of Governors of the Federal Reserve System to prescribe a standard format for such disclosures. Requires the Board, the Federal Home Loan Bank Board, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board, in consultation with the Secretary of Housing and Urban Development, to implement a system to facilitate access to data required to be disclosed. Requires such systems to include arrangements for a central depository of da…
Summarized by Claude AI · Non-partisan · For informational purposes only