H.R. 314 · 108th Congress
Mortgage Servicing Clarification Act
- Stage
- Passed a chamber
- Sponsor
- Ed Royce
- Introduced
- 2003-01-08
- Latest action
- 2003-03-20 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
(This measure has not been amended since it was introduced in the House on January 8, 2003. The summary of that version is repeated here.)Mortgage Servicing Clarification Act - Amends the Fair Debt Collection Practices Act to exempt from certain mandatory debt collection disclosures (that the debt collector is attempting to collect a debt and any information obtained will be used for that purpose) any servicer of federally related mortgage loans secured by first liens that include loans in default at the time such servicer became responsible for servicing such loans, if the servicer is also a debt collector whose collections are incidental to a primary function of servicing current federally related-mortgage loans.