Homebuyers Assistance Act

Bill: 114-hr-3192
Sponsor: full_name: Rep. Hill, J. French [R-AR-2]
Introduced: 2015-07-23
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Civil actions and liability

Housing finance and home ownership

Real estate business
Latest action: action_date: 2015-10-08
text: Received in the Senate.

Summaries:
action_date: 2015-07-23
action_desc: Introduced in House
text: <p><b>Homebuyers Assistance Act</b></p> <p>This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.</p> <p>No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.</p>

action_date: 2015-10-01
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary of that version has been expanded because action occurred on the measure.)</p> <p><b>Homebuyers Assistance Act</b></p> <p>(Sec. 2) This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.</p> <p>No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.</p>

action_date: 2015-10-07
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)</p> <p><b>Homebuyers Assistance Act</b></p> <p>(Sec. 2) This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.</p> <p>No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3192 IN THE HOUSE OF REPRESENTATIVES July 23, 2015 Mr. Hill (for himself and Mr. Sherman ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Assistance Act . 2. Enforcement safe harbor The integrated disclosure requirements for mortgage loan transactions under section 4(a) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2603(a) ), section 105(b) of the Truth in Lending Act ( 15 U.S.C. 1604(b) ), and regulations issued under such sections may not be enforced against any person until February 1, 2016, and no suit may be filed against any person for a violation of such requirements occurring before such date, so long as such person has made a good faith effort to comply with such requirements.

tv_txt: IB 114th CONGRESS 1st Session H. R. 3192 IN THE HOUSE OF REPRESENTATIVES AN ACT To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Assistance Act . 2. Enforcement safe harbor The integrated disclosure requirements for mortgage loan transactions under section 4(a) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2603(a) ), section 105(b) of the Truth in Lending Act ( 15 U.S.C. 1604(b) ), and regulations issued under such sections may not be enforced against any person until February 1, 2016, and no suit may be filed against any person for a violation of such requirements occurring before such date, so long as such person has made a good faith effort to comply with such requirements.

Passed the House of Representatives October 7, 2015. Karen L. Haas, Clerk.

tv_txt: II 114th CONGRESS 1st Session H. R. 3192 IN THE SENATE OF THE UNITED STATES October 8, 2015 Received AN ACT To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Assistance Act . 2. Enforcement safe harbor The integrated disclosure requirements for mortgage loan transactions under section 4(a) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2603(a) ), section 105(b) of the Truth in Lending Act ( 15 U.S.C. 1604(b) ), and regulations issued under such sections may not be enforced against any person until February 1, 2016, and no suit may be filed against any person for a violation of such requirements occurring before such date, so long as such person has made a good faith effort to comply with such requirements.

Passed the House of Representatives October 7, 2015. Karen L. Haas, Clerk

tv_txt: IB Union Calendar No. 210 114th CONGRESS 1st Session H. R. 3192 [Report No. 114–278] IN THE HOUSE OF REPRESENTATIVES July 23, 2015 Mr. Hill (for himself and Mr. Sherman ) introduced the following bill; which was referred to the Committee on Financial Services October 1, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Assistance Act . 2. Enforcement safe harbor The integrated disclosure requirements for mortgage loan transactions under section 4(a) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2603(a) ), section 105(b) of the Truth in Lending Act ( 15 U.S.C. 1604(b) ), and regulations issued under such sections may not be enforced against any person until February 1, 2016, and no suit may be filed against any person for a violation of such requirements occurring before such date, so long as such person has made a good faith effort to comply with such requirements.

October 1, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed