(H.Res. 406) A bill to help ensure that lenders only make loans that borrowers will be able to repay - - on a resolution setting the terms for continued consideration of the bill
house Roll Call 237
May 07, 2009
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H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act, was designed to help ensure that lenders only make loans that borrowers will be able to repay. The House Financial Services Committee, which developed the bill, said the legislation would “curb lending that had been a major factor in the highest home foreclosure rate in the nation in 25 years . . . (and) establish a simple standard for all home loans: institutions must ensure that borrowers can repay the loans they are sold.” This was a vote on a resolution or “rule” allowing the House to resume its consideration of the bill, and to permit fourteen amendments to be offered to it. Five of those fourteen would be offered by members of the Republican minority. |
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