H.R. 480 · 110th Congress
To amend the Truth in Lending Act to prohibit issuance of residential mortgages to any individual who lacks a Social Security account number.
- Stage
- In committee
- Sponsor
- John Doolittle
- Introduced
- 2007-01-16
- Latest action
- 2007-04-12 · Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Summary
Amends the Truth in Lending Act to prohibit credit from being extended in any consumer credit transaction in which a security interest will be retained or acquired in property located within the United States which will be used as the consumer's principal residence if such consumer lacks a Social Security account number.