A bill to provide a moratorium on certain class actions relating to the Real Estate Settlement Procedures Act of 1974.
Mortgage Litigation Reform Act of 1998 - Amends the Real Estate Settlement Procedures Act of 1974 to provide a moratorium between the date of enactment of this Act and July 1, 1999, on class certification orders, discovery, sanctions, or other proceedings with regard to civil actions alleging improper payments by one lender to another lender or mortgage broker.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7183)
Read twice and referred to the Committee on Judiciary.
Referred to Subcommittee on Oversight and Courts.
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