Mortgage Choice Act of 2017
USA115th CongressHR-1153| House
| Updated: 2/12/2018
Bill Huizenga
Republican Representative
Michigan
Cosponsors (17)
Robert Pittenger (Republican)Steve Stivers (Republican)David Scott (Democratic)Edward R. Royce (Republican)Michael F. Doyle (Democratic)Tim Walberg (Republican)Keith J. Rothfus (Republican)Luke Messer (Republican)David P. Joyce (Republican)Ann Wagner (Republican)Gregory W. Meeks (Democratic)Betty McCollum (Democratic)Dennis A. Ross (Republican)David A. Trott (Republican)Josh Gottheimer (Democratic)Ralph Norman (Republican)Sean P. Duffy (Republican)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Mortgage Choice Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act to specify that neither escrow charges for insurance nor affiliated title charges shall be considered "points and fees" for purposes of determining whether a mortgage is a "high-cost mortgage." (A high-cost mortgage designation restricts the terms of the loan and requires a lender to make certain disclosures to the borrower.)
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 46 - 13.
Placed on the Union Calendar, Calendar No. 387.
Reported by the Committee on Financial Services. H. Rept. 115-522.
Rules Committee Resolution H. Res. 725 Reported to House. The resolution provides for one hour of debate on each measure. The resolution also waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of February 9, 2018. It shall be in order at any time on the legislative day of February 8, 2018 or February 9, 2018 for the Speaker to entertain motions to suspend the rules.
Considered under the provisions of rule H. Res. 725. (consideration: CR H906-965; text: CR H907)
The resolution provides for one hour of debate on each measure. The resolution also waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of February 9, 2018. It shall be in order at any time on the legislative day of February 8, 2018 or February 9, 2018 for the Speaker to entertain motions to suspend the rules.
DEBATE - The House proceeded with one hour of debate on H.R. 1153.
The previous question was ordered pursuant to the rule.
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1153, the Chair put the question on passage of the bill, and by voice vote announced that the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until a time to be announced.
Considered as unfinished business. (consideration: CR H981-982)
On passage Passed by the Yeas and Nays: 280 - 131 (Roll no. 64).
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Housing and Community Development
Administrative law and regulatory proceduresConsumer Financial Protection BureauHousing finance and home ownershipUser charges and fees
Mortgage Choice Act of 2017
USA115th CongressHR-1153| House
| Updated: 2/12/2018
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Mortgage Choice Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act to specify that neither escrow charges for insurance nor affiliated title charges shall be considered "points and fees" for purposes of determining whether a mortgage is a "high-cost mortgage." (A high-cost mortgage designation restricts the terms of the loan and requires a lender to make certain disclosures to the borrower.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 46 - 13.
Placed on the Union Calendar, Calendar No. 387.
Reported by the Committee on Financial Services. H. Rept. 115-522.
Rules Committee Resolution H. Res. 725 Reported to House. The resolution provides for one hour of debate on each measure. The resolution also waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of February 9, 2018. It shall be in order at any time on the legislative day of February 8, 2018 or February 9, 2018 for the Speaker to entertain motions to suspend the rules.
Considered under the provisions of rule H. Res. 725. (consideration: CR H906-965; text: CR H907)
The resolution provides for one hour of debate on each measure. The resolution also waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of February 9, 2018. It shall be in order at any time on the legislative day of February 8, 2018 or February 9, 2018 for the Speaker to entertain motions to suspend the rules.
DEBATE - The House proceeded with one hour of debate on H.R. 1153.
The previous question was ordered pursuant to the rule.
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1153, the Chair put the question on passage of the bill, and by voice vote announced that the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until a time to be announced.
Considered as unfinished business. (consideration: CR H981-982)
On passage Passed by the Yeas and Nays: 280 - 131 (Roll no. 64).
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill Huizenga
Republican Representative
Michigan
Cosponsors (17)
Robert Pittenger (Republican)Steve Stivers (Republican)David Scott (Democratic)Edward R. Royce (Republican)Michael F. Doyle (Democratic)Tim Walberg (Republican)Keith J. Rothfus (Republican)Luke Messer (Republican)David P. Joyce (Republican)Ann Wagner (Republican)Gregory W. Meeks (Democratic)Betty McCollum (Democratic)Dennis A. Ross (Republican)David A. Trott (Republican)Josh Gottheimer (Democratic)Ralph Norman (Republican)Sean P. Duffy (Republican)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Housing and Community Development
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- HR 115-10: Financial CHOICE Act of 2017
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresConsumer Financial Protection BureauHousing finance and home ownershipUser charges and fees