H.R. 2446 · 112th Congress
RESPA Home Warranty Clarification Act of 2011
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 112th Congress ended.
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BiggertSponsor40 cosponsors · 13 D, 27 R
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Clay
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Westmoreland
DM
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Manzullo
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Huizenga
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King
TL
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Latham
GM
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Moore
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Posey
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Scott
EC
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Cleaver
SF
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Fincher
SS
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Stivers
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Capito
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Cohen
RH
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Hinojosa
MR
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Ross
TS
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Sewell
JB
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Baca
MB
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Blackburn
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Roe
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Crawford
JD
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Duncan
WJ
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Jones
ER
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Royce
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DesJarlais
NH
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Hayworth
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Luetkemeyer
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Cooper
BD
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Dold
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Fleischmann
MG
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Grimm
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McHenry
BS
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Sherman
GM
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Meeks
TM
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McCotter
JL
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Lewis
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Miller
BG
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Guthrie
TG
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Griffin
DH
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Hunter1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jul 7, 2011
- House Passed Aug 1, 2012
RESPA Home Warranty Clarification Act of 2012 - Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to state that no prohibited kickback or unearned fee incident to a real estate settlement service involving a federally related mortgage loan shall be deemed to include, or be deemed to have included, homeowner warranties or similar residential…
What it does: CRS summary · Passed House amended · Aug 1, 2012
(This measure has not been amended since it was reported to the House on July 31, 2012. The summary of that version is repeated here.)
RESPA Home Warranty Clarification Act of 2012 - Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to state that no prohibited kickback or unearned fee incident to a real estate settlement service involving a federally related mortgage loan shall be deemed to include, or be deemed to have included, homeowner warranties or similar residential service contracts for the repair or replacement of home system components or home appliances.
Requires any person that pays another person not employed by the person for selling, advertising, marketing, or processing, or performing an inspection in connection with, a homeowner warranty or similar residential service contract for the repair or replacement of home system components or home appliances, to include a specified statement reflecting this Act in any such warranty or contract incident to a transaction involving the origination of a federally related mortgage loan.
Requires any person who has contracted to receive payment from a provider of such services for recommending the purchase of a home warranty or similar residential service contract, and is not an employee of such provider, to give the potential purchaser, upon first recommending such a purchase, a written notice informing the individual that such person has received or will receive compensation from the warranty company for the residential service. Allows the individual to opt out of purchasing such a warranty or service contract, or to purchase it from another provider.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RESPA Home Warranty Clarification Act of 2012
Latest action (Aug 2, 2012): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Housing and Community Development · Origin: House · Introduced: Jul 7, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jul 7, 2011
- House Passed Aug 1, 2012
No recorded floor vote found.