Political Quotes

“Madam Speaker, pursuant to House Resolution 725, I call up the bill (H.R. 1153) to amend the Truth in Lending Act to improve upon the definitions provided for points and fees in connection with a mortgage transaction, and ask for its immediate consideration. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 1153 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Mortgage Choice Act of 2017''. SEC. 2. DEFINITION OF POINTS AND FEES. (a) Amendment to Section 103 of TILA.--Section 103(bb)(4) of the Truth in Lending Act (15 U.S.C. 1602(bb)(4)) is amended-- (1) by striking ``paragraph (1)(B)'' and inserting ``paragraph (1)(A) and section 129C''; (2) in subparagraph (C)-- (A) by inserting ``and insurance'' after ``taxes''; (B) in clause (ii), by inserting ``, except as retained by a creditor or its affiliate as a result of their participation in an affiliated business arrangement (as defined in section 2(7) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C.…”