H.R. 3492 — Residential Loan Servicing Clarification Act

Summary

Residential Loan Servicing Clarification Act - Amends the Fair Debt Collection Practices Act to exempt a servicer of federally related mortgage loans secured by first liens from certain debt collection disclosure and debt validation requirements if such servicer is a debt collector whose primary function is servicing such loans. Sets forth servicer-consumer validation statement requirements.

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Legislative Actions

1999-11-18
Introduced in House
1999-11-18
Introduced in House
1999-11-18
Referred to the House Committee on Banking and Financial Services.
1999-11-19
Sponsor introductory remarks on measure. (CR E2477-2478)
1999-12-02
Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Residential Loan Servicing Clarification Act

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Summary

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Legislative Actions

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