110-H.AMDT.904 to 110-H.R.3915

Amendment sought to require the assignee to have policies/procedures and to cure the loan to avoid being liable for rescission.

H.AMDT.904(A007)
Amends: H.R.3915
Sponsor: Rep Watt, Melvin L. [NC-12](offered 11/15/2007)

AMENDMENT DESCRIPTION:
Amendment sought to require the assignee to have policies/procedures and to cure the loan to avoid being liable for rescission.

AMENDMENT PURPOSE:
An amendment numbered 5 printed in House Report 110-450 to require the assignee to have policies/procedures and to cure the loan to avoid being liable for rescission.

STATUS:

    11/15/2007 3:20pm:
    Amendment (A007) offered by Mr. Watt. (consideration: CR H14019-14020; text: CR H14019)
    11/15/2007 3:31pm:
    On agreeing to the Watt amendment (A007) Failed by voice vote.

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