Title: LEP Data Acquisition in Mortgage Lending Act
Policy area: Housing and Community Development

Summary:
LEP Data Acquisition in Mortgage Lending Act
This bill directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to include an optional language-preference question on the Uniform Residential Loan Application.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4783 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4783

   To require the Director of the Federal Housing Finance Agency to 
require each enterprise to include a preferred language question on the 
 form known as the Uniform Residential Loan Application, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 22, 2019

Mr. Green of Texas (for himself, Ms. Judy Chu of California, Ms. Garcia 
   of Texas, and Mr. Clay) introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To require the Director of the Federal Housing Finance Agency to 
require each enterprise to include a preferred language question on the 
 form known as the Uniform Residential Loan Application, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``LEP Data Acquisition in Mortgage 
Lending Act''.

SEC. 2. PREFERRED LANGUAGE QUESTION.

    Subpart A of part 2 of subtitle A of title 13 of the Housing and 
Community Development Act of 1992 (12 U.S.C. 4541 et seq.) is amended 
by adding at the end the following:

``SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION.

    ``(a) In General.--The Director shall, not later than February 1, 
2020, require each enterprise to include a preferred language question, 
that is optional for borrowers, on the form known as the Uniform 
Residential Loan Application and include such question in the form in 
which it was presented for inclusion on the Uniform Residential Loan 
Application by the Federal Housing Finance Agency on October 20, 2017 
as also written in subsection (b).
    ``(b) Form of Question.--The preferred language question on the 
Uniform Residential Loan Application shall read as follows:
            ``Language Preference--Your loan transaction is likely to 
        be conducted in English. This question requests information to 
        see if communications are available to assist you in your 
        preferred language. Please be aware that communications may NOT 
        be available in your preferred language.
            ``Optional--Mark the language you would prefer, if 
        available: English -- Chinese -- Korean -- Spanish -- Tagalog 
        -- Vietnamese -- Other -- I do not wish to respond.
            ``Your answer will NOT negatively affect your mortgage 
        application. Your answer does not mean the Lender or Other Loan 
        Participants agree to communicate or provide documents in your 
        preferred language. However, it may let them assist you or 
        direct you to persons who can assist you. Language assistance 
        and resources may be available through housing counseling 
        agencies approved by the U.S. Department of Housing and Urban 
        Development.
            ``To find a housing counseling agency, contact one of the 
        following Federal Government agencies:
            ``U.S. Department of Housing and Urban Development (HUD) at 
        (800) 569-4287 or www.hud.gov/counseling.
            ``Consumer Financial Protection Bureau (CFPB) at (855) 411-
        2372 or www.consumerfinance.gov/find-ahousing-counselor.
    ``(c) Response Data.--Any response of a borrower to the question 
described in subsection (a) shall be recorded by the mortgage 
originator of the borrower and such mortgage originator shall transfer 
the record of such response to any person who purchases or services the 
mortgage of the borrower.''.
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