2007 Senate Bill 924

Require specific plain-English mortgage disclosure form

Introduced in the Senate

Nov. 28, 2007

Introduced by Sen. Tupac Hunter (D-5)

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 Committee on Banking and Financial Institutions