H.R. 963 · 116th Congress
Home Loan Quality Transparency Act of 2019
- Stage
- In committee
- Sponsor
- Nydia Velázquez
- Introduced
- 2019-02-05
- Latest action
- 2019-02-05 · Introduced in House
Summary
Home Loan Quality Transparency Act of 2019
This bill expands requirements for public disclosures by depository institutions and credit unions regarding mortgages and home equity lines of credit. Specifically, institutions originating fewer than 500 mortgage loans or open-end lines of credit annually are no longer exempt from certain financial reporting.