H.R. 3009: Improving Language Access in Mortgage Servicing Act of 2021

CBO Score

$15.5 million

Date of Report

Tue March 8th, 2022

CBO Report Details

Legislation Details

117th Congress

To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes.

Sponsor: Rep. Sylvia Garcia — D — TX

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 servi...

View the full vote history of this bill on GovTrack.us.

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