To amend the Truth in Lending Act to prohibit the servicer of a home mortgage, or any affiliate of the servicer, from holding any other mortgage on the property.
Mortgage Servicing Conflict Elimination Act of 2010 - Amends the Truth in Lending Act to prohibit the servicer of a residential mortgage loan (or an affiliate) from owning or holding any interest in any other residential mortgage loan secured by the same dwelling or residential real property.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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