- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Financial ServicesIntroducedMarch 25th, 2010
- house Committees
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Mortgage Servicing Conflict Elimination Act of 2010
To amend the Truth in Lending Act to prohibit the servicer of a home mortgage, or any affiliate of the servicer, from holding any other mortgage on the property.
Mortgage Servicing Conflict Elimination Act of 2010 - Amends the Truth in Lending Act to prohibit the servicer of a residential mortgage loan (or an affiliate) from owning or holding any interest in any other residential mortgage loan secured by the same dwelling or residential real property.