Search Results for keywords:"mortgage servicing"

Search Results: keywords:"mortgage servicing"

H. R. 8252 — To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes.
May 06, 2024
Status:Introduced in House
Congress:118
Words:3,741
H.R. 8252, titled the "Improving Language Access in Mortgage Servicing Act of 2024," aims to amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers. The bill requires the creation of a standard...
Simple Explanation
This bill wants to make sure people who speak different languages can understand their home loan papers by providing translations and help from people who speak those languages. It also plans to create a website with resources and requires banks to share language preferences if the loan is transferred to another company.
S. 4265 — To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes.
May 07, 2024
Status:Introduced in Senate
Congress:118
Words:3,775
The Improving Language Access in Mortgage Servicing Act of 2024 aims to ensure that borrowers with limited English proficiency can access mortgage information in their preferred language. It amends the Truth in Lending Act and the Real Estate Settlement Procedures Act to...
Simple Explanation
The bill asks for new rules so people who speak different languages can easily understand and get help with their home loans. It wants to make sure important papers and help are available in many languages so everyone can know what's happening with their house payments.

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