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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2022-06-15 | Calendars | Placed on the Union Calendar, Calendar No. 281. | House floor actions |
| 2022-06-15 | Discharge | Committee on Veterans' Affairs discharged. | House floor actions |
| 2022-06-15 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I. | House floor actions |
| 2021-07-26 | Committee | Referred to the Subcommittee on Economic Opportunity. | House committee actions |
| 2021-05-12 | Committee | Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24. | House committee actions |
| 2021-05-12 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2021-05-07 | IntroReferral | Referred 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. | House floor actions |
| 2021-05-07 | IntroReferral | Referred 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. | House floor actions |
| 2021-05-07 | IntroReferral | Introduced in House | Library of Congress |