A bill to amend the Truth in Lending Act to prohibit prepayment penalties, and for other purposes.
Confirmation Hearing: Federal Reserve Chair Nominee Kevin Warsh Testifies
Apr 21, 2026
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Promoting Mortgage Responsibility Act - Amends the Truth in Lending Act to prohibit prepayment fees or penalties under any consumer credit transaction secured by the consumer's owner-occupied principal dwelling.
Makes any prepayment penalty in violation of this prohibition unenforceable.
Referred to the House Committee on Financial Services.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4812-4813)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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