Search Results: keywords:"residential mortgage loans"

  • H. R. 7297 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
    Status:Introduced in House
    Words:556

    H. R. 7297, known as the "Homebuyers Privacy Protection Act," aims to amend the Fair Credit Reporting Act to restrict circumstances under which consumer reporting agencies can provide consumer reports. Specifically, the bill prohibits these agencies from sharing consumer...

    Simple Explanation

    The bill wants to make sure that companies who check people's credit scores can only share this information in certain situations, like when the person agrees or when it's really important for someone helping with their mortgage.

  • S. 1178 — To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.
    Status:Introduced in Senate
    Words:1,762

    S. 1178, titled the "Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2025," aims to improve how energy efficiency is considered in home appraisals connected with residential mortgage loans. It requires loan creditors to inform borrowers about the option...

    Simple Explanation

    S. 1178 is about making sure houses are checked for how good they are at saving energy when people want loans to buy them. It says that people who check the value of houses should also look at how much energy the house will save, which helps everyone understand the house's true worth.

  • S. 3502 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
    Status:Introduced in Senate
    Words:520

    S. 3502 aims to amend the Fair Credit Reporting Act to impose new restrictions on how consumer reporting agencies share consumer credit reports. It prevents these agencies from providing credit reports to third parties when a report is requested for a residential mortgage...

    Simple Explanation

    S. 3502 is a new rule that says companies that check people's credit scores must get permission before sharing reports, especially when someone is trying to buy a house. This is like making sure they get a "yes" from the person before telling others about their grades.

  • H. R. 8402 — To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.
    Status:Introduced in House
    Words:1,795

    H. R. 8402, also known as the "GREEN Appraisals Act of 2024," requires that borrowers be informed about energy efficiency appraisals when applying for a residential mortgage loan. The bill mandates that lenders must include information about energy reports, which assess the...

    Simple Explanation

    This bill is about checking how much energy a home uses when someone wants to get a home loan. It says banks have to tell appraisers about a home's energy usage and let them use this information to help decide how much the house is worth.

  • H. R. 2413 — To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.
    Status:Introduced in House
    Words:1,795

    H.R. 2413, also known as the "Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2025," aims to improve how energy efficiency is considered during home appraisals for residential mortgage loans. The bill requires creditors to supply borrowers with...

    Simple Explanation

    H.R. 2413 is a plan to make sure people know how energy-saving features can make homes worth more money, and it tells banks to include these features when figuring out loans. It also wants to create a team to help make these rules work well.

  • S. 3502 — An Act To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
    Status:Engrossed in Senate
    Words:558

    S. 3502, titled the “Homebuyers Privacy Protection Act,” aims to amend the Fair Credit Reporting Act. The bill seeks to limit consumer reporting agencies from sharing consumer credit reports when requested for transactions involving residential mortgage loans. Under this...

    Simple Explanation

    The "Homebuyers Privacy Protection Act" is a plan to change the rules so that companies can't share people's credit information when they are buying a house unless they're allowed by the person or already helping with the house's money. This rule is meant to keep personal money details safe and starts working 90 days after it becomes a law.