110-H.AMDT.900 to 110-H.R.3915

Amendment to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.

H.AMDT.900(A003)
Amends: H.R.3915
Sponsor: Rep Kanjorski, Paul E. [PA-11](offered 11/15/2007)

AMENDMENT DESCRIPTION:
Amendment to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.

AMENDMENT PURPOSE:
An amendment numbered 2 printed in House Report 110-450 to better consumer protection by improving mortgage servicing, protecting appraiser independence, ensuring better appraisal quality and regulatory oversight, requiring escrows for mortgages for borrowers who might experience difficulty with repayment, and establishing disclosure for consumers who waive escrow accounts.

STATUS:

    11/15/2007 1:19pm:
    Amendment (A003) offered by Mr. Kanjorski. (consideration: CR H14006-14011; text: CR H14006-14010)
    11/15/2007 1:30pm:
    On agreeing to the Kanjorski amendment (A003) Agreed to by voice vote.

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