Two weeks before the new Home Mortgage Disclosure Act rule is set to take effect, Rep. Tom Emmer (R-Minn.) has filed a bill to delay the rule by one year.
The bill, H.R. 4648, is titled “To delay the effective date of certain regulations relating to home mortgage disclosures, to suspend certain data sharing requirements, and for other purposes.”
Read on for more details about the bill and when it would require companies to being reporting data.
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