Improving Language Access in Mortgage Servicing Act of 2021

Bill: 117-hr-3009
Sponsor: Rep. Garcia, Sylvia R. [D-TX-29]
Introduced: 2021-05-07 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Advisory bodies
Congressional oversight
Consumer Financial Protection Bureau
Consumer credit
Foreign language and bilingual programs
Government information and archives
Government studies and investigations
Housing finance and home ownership

Summary:
action_date: 2021-05-07
text: 

Improving Language Access in Mortgage Servicing Act of 2021 

 
This bill establishes language translation requirements related to residential mortgage applications and servicing. 
 
The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan. 
 
Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available. 
 
The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage. 

action_date: 2022-06-15
text: 

Improving Language Access in Mortgage Servicing Act of 2021 

 
This bill establishes language translation requirements related to residential mortgage applications and servicing. 
 
The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan. 
 
Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available. 
 
The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage. 


Legislative actions:
action_date: 2022-06-15
text: Placed on the Union Calendar, Calendar No. 281.
action_date: 2022-06-15
text: Committee on Veterans' Affairs discharged.
action_date: 2022-06-15
text: Committee on Veterans' Affairs discharged.
action_date: 2022-06-15
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
action_date: 2022-06-15
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
action_date: 2021-07-26
text: Referred to the Subcommittee on Economic Opportunity.
action_date: 2021-05-12
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
action_date: 2021-05-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2021-05-07
text: Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-05-07
text: Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-05-07
text: Introduced in House
action_date: 2021-05-07
text: Introduced in House