House Bill 3009
117th Congress(2021-2022)
Improving Language Access in Mortgage Servicing Act of 2021
Introduced
Introduced in House on May 7, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3009
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Improving Language Access in Mortgage Servicing Act of 2021
This bill establishes language translation requirements related to residential mortgage applications and servicing.
The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan.
Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available.
The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage.
06/15/2022
Placed on the Union Calendar, Calendar No. 281.
06/15/2022
Committee on Veterans' Affairs discharged.
06/15/2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
07/26/2021
Referred to the Subcommittee on Economic Opportunity.
05/12/2021
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
05/12/2021
Committee Consideration and Mark-up Session Held.
05/07/2021
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
05/07/2021
Introduced in House
Public Record
Record Updated
Dec 5, 2023 2:56:20 PM