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H.R. 1522 (115th): Fair Lending Discovery Clarification Act of 2017

The text of the bill below is as of Mar 13, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 1522

IN THE HOUSE OF REPRESENTATIVES

March 13, 2017

introduced the following bill; which was referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Equal Credit Opportunity Act and the Fair Housing Act to amend the statute of limitations for civil liability, and for other purposes.

1.

Short title

This Act may be cited as the Fair Lending Discovery Clarification Act of 2017.

2.

Amendment to the statute of limitations under the Equal Credit Opportunity Act

Section 706(f) of the Equal Credit Opportunity Act (15 U.S.C. 1691e(f)) is amended—

(1)

by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively (and conforming the margins accordingly);

(2)

by striking Any action and inserting the following:

(1)

In general

Any action

;

(3)

by striking No such and inserting Except as provided in paragraph (2), no such;

(4)

by striking later than 5 years after the date of the occurrence of the violation and inserting later than 5 years after the date on which the applicant knows or has notice that the applicant was a victim of discrimination.;

(5)

by striking , except that— and inserting the following:

(2)

Exception

The limitation described in paragraph (1) shall not apply—

; and

(6)

in subparagraph (A) (as so redesignated), by inserting or at the end.

3.

Amendment to statute of limitations under the Fair Housing Act

Section 813(a)(1) of the Fair Housing Act (42 U.S.C. 3613(a)(1)) is amended by adding at the end the following:

(C)

The computation of such 2-year period shall not include any time during which the aggrieved person did not know or have notice of the existence of the discriminatory housing practice or the breach of the conciliation agreement.

.