RADOGNO-DEL VALLE-RONEN,C-KARPIEL-GEO-KARIS, OBAMA AND TROTTER. New Act Creates the Predatory Home Loan Practices Act. Prohibits various practices and charges in connection with home loans made to persons with respect to their primary residence. Prohibits the imposition of prepayment penalties, flipping of loans, and lender financing of credit insurance. Imposes limitations on high-cost loans. Prohibits loans unless the lender reasonably believes that the borrower is able to make scheduled payments to repay the loan without respect to the borrower's equity in the property. Authorizes a borrower to obtain damages for violations of the Act. 00-01-26 S FIRST READING 00-01-26 S REFERRED TO SENATE RULES COMMITTEE RULES 00-01-26 S ADDED AS A CHIEF CO-SPONSOR DEL VALLE 00-01-28 S ADDED AS A CO-SPONSOR LIGHTFORD 00-01-28 S ADDED AS A CO-SPONSOR OBAMA 00-02-01 S ADDED AS A CHIEF CO-SPONSOR RONEN,C 00-02-01 S ADDED AS A CHIEF CO-SPONSOR KARPIEL 00-02-01 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS 00-02-09 S ADDED AS A CO-SPONSOR TROTTER 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary