Obviously, Mr. Speaker, when people borrow money they are expected to pay it back. Certainly when lawyers start lining their pockets based on technicalities to keep people from having to pay those funds back, then it is time for the Congress to come forward. I am glad the last Congress came forward, and I am glad we have good bipartisan support to make this change in this Rodash law, to make sure that the banks and the mortgage companies that have made mortgages over the past few years are not penalized unfairly over these kinds of technicalities. I just rise in support of this legislation, and appreciate the gentlewoman from New Jersey bringing it forward and having this hearing.
Dick Chrysler: “Obviously, Mr. Speaker, when people borrow money they are expected to pay it back. Certainly when lawyers start lining…”
Editor's note · Context
Supporting legislation to amend the Rodash law regarding mortgage companies and technicalities in loan repayment.
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