Introduced by Sen. Tupac Hunter (D) on November 28, 2007, to require mortgage lenders to provide borrowers with a plain-English form detailing the terms and conditions of the loan at the time of closing on a real estate or mortgage transaction, and get their signature on it. The details of the proposed form are included in the bill.
Referred to the Senate Banking and Financial Institutions Committee on November 28, 2007.
1) Excellent! by Anonymous Citizen on December 6, 2007 More worthless government paperwork. Reply
2) 2007 Senate Bill 924 (Require specific plain-English mortgage disclosure form ) by admin on January 1, 2001 Introduced in the Senate on November 28, 2007