Full texts of bills are not available on Congress.gov for bills prior to 1989 (101st Congress).

Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

A bill to amend the Consumer Credit Protection Act to prohibit certain practices in the case of second mortgages which secure residential real property.


Actions Overview (1)

Date
02/18/1976Introduced in House

All Actions (2)

Date
02/18/1976Referred to House Committee on Banking, Currency and Housing.
Action By: House of Representatives
02/18/1976Introduced in House
Action By: House of Representatives

Cosponsors (0)

Congress.gov databases include cosponsorship dates (including identification of "original" cosponsors) since 1981 (97th Congress). Prior to 1981, you may be able to find some information online, but often the information is available only in print form.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Banking02/18/1976 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Subjects (8)


Latest Summary (1)

There is one summary for H.R.11964. View summaries

Shown Here:
Introduced in House (02/18/1976)

Amends the Consumer Credit Protection Act to prohibit practices in the case of second mortgages which secure residential property including (1) prepayment of mortgage penalization; (2) foreclosure or seizure of real property under a judgment entered upon warrant of attorney to confess judgment without an opportunity for a judicial hearing; (3) extension of credit to a mortgagor who the creditor knows does not have projected income sufficient to meet the payment schedule; and (4) harassment of the mortgagor in connection with the collection of mortgage payments.

Prescribes remedies for such violations. Entitles a mortgagor of a second mortgage to retain funds obtained under the mortgage without obligation to repay on or after the date of any violation. Prohibits any real estate broker (other than the mortgagor) who has arranged a second mortgage which is secured by residential real property to acquire, directly or indirectly, such property (or proceeds resulting from its disposition) at a foreclosure sale or auction of such property. Imposes a fine of up to $10,000 for such violation.