GovTrack.us

 
HomeTrackResearchBlogToolsAboutDevLog In
 The Senate meets today; the House next meets Dec 1, 2009.
Bookmark and Share
Congress > Legislation
S. 1222:
STOP FRAUD Act
110th Congress

This is a bill in the U.S. Congress originating in the Senate ("S."). A bill must be passed by both the Senate and House and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110th Congress, in 2007-2008.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008
Track S. 1222 [110th]

Because this bill was introduced in a previous session of Congress, no more action can occur on it.

Bookmark this bill in your Trackers page so you can find it again later. This bill no longer generates events.
You are not logged in to an account.
Log In | Sign Up (for free)
Primary Source

See S. 1222 [110th] on THOMAS for the official source of information on this bill or resolution.

Summaries

Congressional Research Service Summary

The following summary was written by the Congressional Research Service, a well-respected nonpartisan arm of the Library of Congress. GovTrack did not write and has no control over these summaries.

4/25/2007--Introduced.

Stopping Mortgage Transactions which Operate to Promote Fraud, Risk, Abuse and Underdevelopment Act, or the STOP FRAUD Act - Amends federal criminal law to make it unlawful for any mortgage professional to: (1) defraud any natural person or financial institution regarding an offer of consumer credit secured by an interest either in real property or in personal property used as a principal dwelling; or (2) falsely obtain money or property from a natural person in connection with an extension of consumer credit secured by an interest in such property.

Subjects violations of this Act to civil and criminal penalties.

Directs the Attorney General to establish: (1) a system for authorized mortgage professionals to receive updates from federal law enforcement agencies on suspicious activity trends in the mortgage industry and mortgage fraud-related convictions; (2) a Debarred or Censured Mortgage Professional Database that may be accessed to determine the federal and state bar status of mortgage professionals; and (3) grants to assist law enforcement agencies establish and improve mortgage fraud task forces.

Grants whistleblower protection to personnel of a widely accepted private certification board.

Amends the Housing and Urban Development Act of 1968 to authorize the Secretary of Housing and Urban Development (HUD) to provide tenants, homeowners, and other consumers with mortgage fraud counseling.

Directs the Secretary to provide grants to state appraisal agencies to improve the monitoring and enforcement of housing appraisal regulations.

Sets forth additional rights of borrowers in foreclosure proceedings.

Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see About GovTrack.us.
To cite this information, click a citation format for a suggestion: APA | MLA | Wikipedia Template.
 
GovTrack.us is a project of Civic Impulse, LLC. Read about GovTrack. / Feedback (but not political opining) is welcome to , but I can't do your research for you, nor can I pass on messages to Members of Congress. This site is "copyleft": You are encouraged to reuse any material on this site. Developers: GovTrack is open source and supports open knowledge.
This material is Open Knowlege
Open Source (OSI) Logo