Improving Language Access in Mortgage Servicing Act of 2021
- Last Action
- 6/15/2022
Actions
- 2022-06-15Placed on the Union Calendar, Calendar No. 281.
- 2022-06-15Committee on Veterans' Affairs discharged.
- 2022-06-15Committee on Veterans' Affairs discharged.
- 2022-06-15Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
- 2022-06-15Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
- 2021-07-26Referred to the Subcommittee on Economic Opportunity.
- 2021-05-12Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
- 2021-05-12Committee Consideration and Mark-up Session Held.
- 2021-05-07Referred 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.
- 2021-05-07Referred 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.
- 2021-05-07Introduced in House
- 2021-05-07Introduced in House
CRS Summary
As of 2022-06-15 (08)
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.
Cosponsors (1)
- Al Green (D-TX)
Subjects
- Administrative law and regulatory procedures
- Advisory bodies
- Congressional oversight
- Consumer Financial Protection Bureau
- Consumer credit
- Foreign language and bilingual programs
- Government information and archives
- Government studies and investigations
- Housing finance and home ownership
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.