Amendment removes the civil liability of a lender and cancel the right of rescission for a borrower in instances when a borrower knowingly lied on their mortgage loan application.

Purpose:

An amendment numbered 7 printed in House Report 110-450 to remove the civil liability of a lender and cancel the right of rescission for a borrower in instances when a borrower knowingly lied on their mortgage loan application.

House Amendment Code:

(A010)

House Tally Clerks use this code to manage amendment information.