Mortgage Choice Act of 2017

United States115th CongressHR-1153House of Representatives
Updated: Feb 12, 2018

Summary

(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.)

Bill texts

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Timeline

  1. Considered as unfinished business. (consideration: CR H981-982)

    House of Representatives

  2. On passage Passed by the Yeas and Nays: 280 - 131 (Roll no. 64).

    House of Representatives

    View vote

  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate