A study on whether lenders added the note is due in 18 months
To increase the supply of housing in America, and for other purposes, section 601, Sec. 601.
Written by .
A study on whether lenders added the note is due in 18 months
The document says “shall”Who acts: Comptroller General of the United StatesHow: statuteSec. 601 in the PDF
What the document says
“Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to Congress a report on whether or not less than 80 percent of lenders using the Uniform Residential Loan Application have included on that form the disclaimer required under section 1329”
The section requires the Comptroller General of the United States to study and report to Congress within 18 months of enactment on whether at least 80 percent of lenders using the Uniform Residential Loan Application have included the disclosure required by the new section 1329.
What the document actually says
“Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to Congress a report on whether or not less than 80 percent of lenders using the Uniform Residential Loan Application have included on that form the disclaimer required under section 1329”
That sentence, in plain words
A report is due within 18 months. It asks how many lenders put the note on the form. The mark is 80 percent.
What this is about
The Comptroller General runs the audit arm of Congress. This checks whether the new rule took hold. The report goes to Congress.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 601, 140 Stat. 953 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A study on whether lenders added the note is due in 18 months,” Increase the supply of housing in America, section 601, Sec. 601. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec601-study/ (retrieved August 26, 2026).
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