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Ending mortgage data disclosure requirements for lenders.

This act aims to eliminate the requirement for financial institutions to disclose detailed mortgage data. This means banks and other lenders will no longer need to collect and report certain information about granted mortgages, which may affect data availability for consumers and supervisory bodies.
Key points
Banks and other lenders will no longer be required to disclose detailed mortgage data.
This change may impact the transparency of the mortgage market and the availability of information for citizens.
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Additional Information
Print number: 117_HR_34
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2021-01-04