H.R.3133 - Financial Literacy for Homeowners Act110th Congress (2007-2008)
|Sponsor:||Rep. Scott, David [D-GA-13] (Introduced 07/23/2007)|
|Committees:||House - Financial Services|
|Latest Action:||07/23/2007 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.3133 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (07/23/2007)
Financial Literacy for Homeowners Act - Authorizes the Secretary of the Treasury to make grants to state and local governments and nonprofit organizations to implement anti-predatory lending activities, including: (1) consumer education programs; (2) certified home ownership counseling programs; and (3) referral services for homeowners and prospective homeowners.
Directs the Secretary provide for establishment, operation, and publication of a nationwide toll-free telephone number to receive consumer complaints regarding predatory and unscrupulous lending practices relating to home loans.
Establishes the Predatory Lending Advisory Council to: (1) advise the Secretary; and (2) study and report to the Secretary and Congress on the root causes of default and foreclosure of home loans.