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Tiberi Backs Bill Providing Consumer Protection for Mortgage Borrowing

Date: April 17, 2005
Location: Washington, DC
Issues: Finance and Banking Housing and Property


TIBERI BACKS BILL PROVIDING CONSUMER PROTECTION FOR MORTGAGE BORROWING
April 17, 2005

WASHINGTON-Congressman Pat Tiberi (R-Columbus) is supporting bipartisan legislation that would protect mortgage borrowers from abusive lending practices.

"As a former realtor," said Tiberi, "I know that buying a home isn't only an exciting experience, it can be stressful, too. Homebuyers shouldn't have to worry about being treated unfairly when they obtain a mortgage.

"H.R. 1295, The Responsible Lending Act, will put in place strong safeguards to not only ensure that consumers get a fair deal, but make mortgages more available so that more families can buy and maintain homes."

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"These common sense reforms will allow homebuyers to shop for mortgages with confidence," said Tiberi, a member of the Housing Subcommittee. "I hope we can adopt them as soon as possible."

http://www.house.gov/apps/list/press/oh12_tiberi/041705.html

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