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          <title>WashingtonWatch.com - H.R. 3725, The Mortgage Disclosure Simplification Act of 2007</title>
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<title>Revision by webmaster (January 23, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3725.html?rev=17329</link>
<description>&lt;p&gt;H.R. 3725 would amend the Real Estate Settlement Procedures Act of 1974 to require the submission to each borrower under a federally related mortgage loan of a one-page description of the essential terms of the loan.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Mortgage Disclosure Simplification Act of 2007 - Amends the Real Estate Settlement Procedures Act of 1974 to instruct the Secretary of Housing and Urban Development to develop and prescribe standard written forms stating the essential terms of a federally related mortgage loan, which lenders or mortgage brokers shall provide to prospective mortgagors.&lt;/p&gt;

&lt;p&gt;Requires such disclosures to include: (1) a statement of terms regarding a federally related mortgage loan; and (2) a statement of basic easy-to-understand definitions or explanations of such terms.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/2/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">17329@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 23 Jan 2008 00:00:00 EST</pubDate>
</item>
<item>
<title>Revision by webmaster (October 10, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3725.html?rev=11039</link>
<description>&lt;p&gt;H.R. 3725 would amend the Real Estate Settlement Procedures Act of 1974 to require the submission to each borrower under a federally related mortgage loan of a one-page description of the essential terms of the loan.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11039@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 10, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3725.html?rev=11040</link>
<description>&lt;p&gt;H.R. 3725 would amend the Real Estate Settlement Procedures Act of 1974 to require the submission to each borrower under a federally related mortgage loan of a one-page description of the essential terms of the loan.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/2/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11040@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 2, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3725.html</link>
<description>10/2/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.</description>
<guid isPermaLink="false">26215@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 02 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 2, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3725.html</link>
<description>10/2/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.</description>
<guid isPermaLink="false">28077@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 02 Oct 2007 00:00:00 EDT</pubDate>
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