A bill to improve public understanding of the role of financial institutions in home and commercial real property financing.
Mortgage Disclosure Act - Requires each financial institution which makes federally related mortgage loans to compile and make available to the public for inspection and copying at each office of that institution specified information concerning real estate loans, and savings accounts.
Directs the Federal Reserve Board to prescribe such regulations as may be necessary to carry out the purposes of this Act.
Requires the Federal Trade Commission to enforce the requirements imposed under this Act unless such enforcement is specifically charged to some other Government agengy.
Referred to House Committee on Banking, Currency and Housing.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Currency and Housing.
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