3192 ,

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Homebuyers Assistance Act

(Sec. 2) This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts.

No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.

Policy Area

Finance and Financial Sector

Legislative Terms

  • administrative law and regulatory procedures
  • civil actions and liability
  • housing finance and home ownership
  • real estate business