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Bills in the 110th Congress

H.AMDT. 901

An amendment numbered 3 printed in House Report 110-450 to require a borrower to receive the option of a mortgage without a prepayment penalty, if they are offered an amendment with a prepayment penalty. Sets the maximum time for a prepayment penalty of 3 years and a maximum prepayment amount of 3% of the loan for the first year, 2% for the second year and 1% for the third year.

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Amends H.R. 3915

Nov 15, 2007: Passed House

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November 15, 2007
1:42 PM EST
On agreeing to the Maloney (NY) amendment (A004) Agreed to by voice vote.
November 15, 2007
1:33 PM EST
Amendment (A004) offered by Mrs. Maloney (NY). (consideration: CR H14011-14013; text: CR H14012)