Mortgage Servicing Clarification Act

Bill: 108-hr-314
Sponsor: Rep. Royce, Edward R. [R-CA-40]
Introduced: 2003-01-08 in the House
Policy area: Finance and Financial Sector
Subjects: Collection of accounts
Commerce
Consumer education
Debtor and creditor
Economics and Public Finance
Federally-assisted loans
Federally-guaranteed loans
Government Operations and Politics
Government lending
Government paperwork
Housing and Community Development
Loan defaults
Mortgage guaranty insurance
Mortgages

Summary:
action_date: 2003-01-08
text: Mortgage Servicing Clarification Act - Amends the Fair Debt Collection Practices Act to exempt from mandatory debt collection disclosures (that the debt collector is attempting to collect a debt and any information obtained will be used for that purpose) any servicer of federally related mortgage loans secured by first liens that include loans in default at the time such servicer became responsible for servicing such loans, if the servicer is also a debt collector whose collections are incidental to a primary function of servicing current federally related-mortgage loans.
action_date: 2003-03-19
text: 
(This measure has not been amended since it was introduced in the House on January 8, 2003. The summary of that version is repeated here.)

Mortgage Servicing Clarification Act - Amends the Fair Debt Collection Practices Act to exempt from certain mandatory debt collection disclosures (that the debt collector is attempting to collect a debt and any information obtained will be used for that purpose) any servicer of federally related mortgage loans secured by first liens that include loans in default at the time such servicer became responsible for servicing such loans, if the servicer is also a debt collector whose collections are incidental to a primary function of servicing current federally related-mortgage loans.

Legislative actions:
action_date: 2003-03-20
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2003-03-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2003-03-19
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 424 - 0 (Roll no. 68). (text: CR 3/19/2003 CR H1921)
action_date: 2003-03-19
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 424 - 0 (Roll no. 68).(text: CR 3/19/2003 CR H1921)
action_date: 2003-03-19
text: Considered as unfinished business. (consideration: CR H1988-1989)
action_date: 2003-03-18
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2003-03-18
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 314.
action_date: 2003-03-18
text: Considered under suspension of the rules. (consideration: CR H1921-1923)
action_date: 2003-03-18
text: Mr. Royce moved to suspend the rules and pass the bill.
action_date: 2003-02-27
text: Referred to the Subcommittee on Financial Institutions and Consumer Credit.
action_date: 2003-01-08
text: Referred to the House Committee on Financial Services.
action_date: 2003-01-08
text: Introduced in House
action_date: 2003-01-08
text: Introduced in House