H.R. 650 · 108th Congress
Homeowners' Escrow Payments Assurance Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
AndrewsSponsorNo cosponsors.
Homeowners' Escrow Payments Assurance Act - Amends the Real Estate Settlement Procedures Act of 1974 to impose: (1) treble damages for noncompliance with statutory requirements pertaining to the servicing of federally related mortgage loans and escrow accounts administration; and (2) a civil penalty for each day of insurance coverage lapse that results from…
What it does: CRS summary · Introduced in House · Feb 7, 2003
Earmarks the fines thus collected for assistance to: (1) low-income families for the acquisition of a principal residence; and (2) nonprofit organizations that engage in legal advocacy relating to consumer rights' protection.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Homeowners' Escrow Payments Assurance Act
Latest action (Feb 27, 2003): Referred to the Subcommittee on Housing and Community Opportunity.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 7, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.