H.R. 3813 · 110th Congress
Mortgage Kickback Prevention Act of 2007
- Stage
- In committee
- Sponsor
- Christopher Murphy
- Introduced
- 2007-10-10
- Latest action
- 2007-10-10 · Introduced in House
Summary
Mortgage Kickback Prevention Act of 2007 - Amends the Truth in Lending Act to prohibit a mortgage originator from receiving payment of incentive compensation, including yield spread premium, that is based upon, or varies with, the terms of a residential mortgage loan (steering incentive).