Summary: H.R.3556 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.3556. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/30/1996)

Private Mortgage Insurance Consumer Protection Act - Amends the Truth in Lending Act to prescribe guidelines under which a creditor must notify a consumer in writing of any cancellation rights with respect to private mortgage insurance if the consumer was required to obtain such insurance as a condition for entering into a residential mortgage transaction.

Prohibits the imposition of any fee or cost to the consumer for such notification.