H.R. 4229 · 111th Congress
Borrowers' Right to Inspect Closing Documents Act of 2009
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BeanSponsor13 cosponsors · 9 D, 4 R
R
Capito
GM
D
Meeks
DM
D
Moore
AP
R
Putnam
CW
D
Wilson
MC
R
Coffman
EN
D
Norton
AS
D
Sires
JB
D
Baca
AG
D
Green
BM
D
Miller
CL
R
Lee
EP
D
Perlmutter1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Borrowers' Right to Inspect Closing Documents Act of 2009 - Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to revise procedures governing the furnishing of closing documents to borrowers.
What it does: CRS summary · Introduced in House · Dec 8, 2009
Borrowers' Right to Inspect Closing Documents Act of 2009 - Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to revise procedures governing the furnishing of closing documents to borrowers.
Requires the lender to furnish to the settlement agent, at least four business days before the scheduled date of a real estate settlement, the completed promissory note, the mortgage instrument, and all other items needed to complete the uniform settlement statement, the final Truth-in-Lending Act disclosure, and the final closing instructions.
Requires the settlement agent to furnish the borrower, at least three business days before the scheduled settlement date, with the completed documents and the completed uniform settlement statement, as long as the lender has timely provided the agent with those items.
Shields the settlement agent from liability for the lender's noncompliance with this Act. Cites circumstances under which the settlement agent may correct the uniform settlement statement and related documents prior to the scheduled settlement date.
Authorizes the Secretary of Housing and Urban Development to exempt settlements from the requirements of this Act in certain circumstances.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Borrowers' Right to Inspect Closing Documents Act of 2009
Latest action (Dec 8, 2009): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: Dec 8, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.