
The Seal of the US Department of Treasury.
Changes the definition of “high-cost mortgage” under the Truth in Lending Act.
Official Summary
Mortgage Choice Act of 2017
This bill amends the Truth in Lending Act to specify that neither escrow charges for insurance nor affiliated title charges shall be considered “points and fees” for purposes of determining whether a mortgage is a “high-cost mortgage.”
Passed House
2018-02-08
Passed Senate
Signed by President
Became Public Law
Amendments
None.
Sponsors
Original sponsor: Rep. Huizenga, Bill [R-MI-2]
Votes
Passed House: http://clerk.house.gov/evs/2018/roll064.xml
Related bill: HRES725 (Related bill)