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H.AMDT. 912

An amendment numbered 13 printed in House Report 110-450 to allow regulators to fine mortgage originators, assignees and securitizers who more than occasionally (`pattern or practice') violate the minimum standards for loans established in the bill at least $1 million, $25,000 per loan. Proceeds would be held in trust by the US Treasury for the benefit of borrowers who have no other avenue for obtaining a remedy.

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Amends H.R. 3915

Nov 15, 2007: By unanimous consent, the Frank (MA) amendment was withdrawn.

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November 15, 2007
4:29 PM EST
By unanimous consent, the Frank (MA) amendment was withdrawn.
November 15, 2007
4:22 PM EST
Amendment (A015) offered by Mr. Frank (MA). (consideration: CR H14026-14027; text: CR H14026-14027)