H.R. 4818 (107th): Mortgage Loan Consumer Protection Act

May 22, 2002 (107th Congress, 2001–2002)
Died (Referred to Committee)
John LaFalce
Representative for New York's 29th congressional district
Read Text »
Last Updated
May 22, 2002
9 pages

This bill was introduced on May 22, 2002, in a previous session of Congress, but was not enacted.

Introduced May 22, 2002
Referred to Committee May 22, 2002
Full Title

To amend the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act to make the residential mortgage process more understandable, fair, and competitive.


No summaries available.


House Financial Services

Housing and Insurance

The committee chair determines whether a bill will move past the committee stage.

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


Get a bill status widget for your website »


Click a format for a citation suggestion:


H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Mortgage Loan Consumer Protection Act - Amends the Truth in Lending Act, with respect to credit extensions secured by a real property interest, to revise the category of excluded finance charge items.Amends the Real Estate Settlement Procedures Act, with respect to the uniform settlement statement, to require:
(1) separate lines for "closing costs, "prepaid items," and "all other costs paid at closing";
(2) at least two days' advance availability of the final settlement statement; and
(3) disclosure of all lender fees.Provides, with respect to special information booklets, for:
(1) harmonization of good faith estimates and settlement statements; and
(2) inclusion of refinancing and upfront payment option information.Prohibits markups and unearned fees.Sets forth servicer escrow-related liabilities.Revises damage and cost, and jurisdiction and statute of limitations provisions.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 4818 (107th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus