Improving Language Access in Mortgage Servicing Act of 2024

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8252 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8252 To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 6, 2024 Ms. Garcia of Texas introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to establish language access requirements for creditors and servicers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Improving Language Access in Mortgage Servicing Act of 2024''. SEC. 2. FINDINGS. The Congress finds the following: (1) Housing is the largest portion of most household budgets in the United States and therefore a foundational component of financial access and opportunity. (2) Due in part to a legacy of discrimination in the United States, people of color are disproportionately experiencing homelessness, are disproportionately renting, and disproportionately paying unaffordable rents, which acts as a barrier to home ownership. (3) Access to fair and affordable housing, both rental and home ownership opportunities, is critical to upward economic mobility. This includes addressing language barriers in mortgage servicing to ensure borrowers have culturally sensitive, in-