Improving Language Access in Mortgage Servicing Act of 2021
USA117th CongressHR-3009| House
| Updated: 6/15/2022
Sylvia R. Garcia
Democratic Representative
Texas
Cosponsors (1)
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Improving Language Access in Mortgage Servicing Act of 2021 This bill establishes language translation requirements related to residential mortgage applications and servicing. The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan. Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available. The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, 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.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
Referred to the Subcommittee on Economic Opportunity.
Placed on the Union Calendar, Calendar No. 281.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
Committee on Veterans' Affairs discharged.
Finance and Financial Sector
Administrative law and regulatory proceduresAdvisory bodiesCongressional oversightConsumer creditConsumer Financial Protection BureauForeign language and bilingual programsGovernment information and archivesGovernment studies and investigationsHousing finance and home ownership
Improving Language Access in Mortgage Servicing Act of 2021
USA117th CongressHR-3009| House
| Updated: 6/15/2022
Improving Language Access in Mortgage Servicing Act of 2021 This bill establishes language translation requirements related to residential mortgage applications and servicing. The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan. Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available. The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, 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.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
Referred to the Subcommittee on Economic Opportunity.
Placed on the Union Calendar, Calendar No. 281.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
Committee on Veterans' Affairs discharged.
Sylvia R. Garcia
Democratic Representative
Texas
Cosponsors (1)
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAdvisory bodiesCongressional oversightConsumer creditConsumer Financial Protection BureauForeign language and bilingual programsGovernment information and archivesGovernment studies and investigationsHousing finance and home ownership