Homeowners' Escrow Payments Assurance Act

Referred to the Subcommittee on Housing and Community Opportunity.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jul 27, 2005

Homeowners' Escrow Payments Assurance Act - Amends the Real Estate Settlement Procedures Act of 1974 to make mortgage escrow servicers liable for treble damages in individual borrower or class actions for failure to make timely payments from an escrow account for taxes, insurance premiums, and other charges as they become due. Establishes, in addition, a civil penalty of $1,000 for each day of insurance coverage lapse that results from such a failure. Earmarks the fines thus collected for assistance to: (1) low-income families for the acquisition of a principal residence; and (2) nonprofit organizations that engage in legal advocacy relating to consumer rights' protection.

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People & committees

Who introduced it

Rep. Andrews, Robert E. [D-NJ-1] · D–NJ

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Sep 19, 2005
Referred to the Subcommittee on Housing and Community Opportunity.
Jul 27, 2005
Referred to the House Committee on Financial Services.
Jul 27, 2005
Introduced in House
Jul 27, 2005
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jul 27, 2005 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.3455 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3455, 109th Congress: Homeowners' Escrow Payments Assurance Act

Official record: https://www.congress.gov/bill/109th-congress/house-bill/3455

Text version to examine: Introduced in House · 2005-07-27.

Official full text: https://www.congress.gov/109/bills/hr3455/BILLS-109hr3455ih.htm

Imported record last updated by the source: 2025-08-15T18:00:48Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3455 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3455 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.3455, 109th Congress: Homeowners' Escrow Payments Assurance Act

Official record: https://www.congress.gov/bill/109th-congress/house-bill/3455

Text version to examine: Introduced in House · 2005-07-27.

Official full text: https://www.congress.gov/109/bills/hr3455/BILLS-109hr3455ih.htm

Imported record last updated by the source: 2025-08-15T18:00:48Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3455 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3455 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.3455, 109th Congress: Homeowners' Escrow Payments Assurance Act

Official record: https://www.congress.gov/bill/109th-congress/house-bill/3455

Text version to examine: Introduced in House · 2005-07-27.

Official full text: https://www.congress.gov/109/bills/hr3455/BILLS-109hr3455ih.htm

Imported record last updated by the source: 2025-08-15T18:00:48Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3455 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3455 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3455, 109th Congress: Homeowners' Escrow Payments Assurance Act

Official record: https://www.congress.gov/bill/109th-congress/house-bill/3455

Text version to examine: Introduced in House · 2005-07-27.

Official full text: https://www.congress.gov/109/bills/hr3455/BILLS-109hr3455ih.htm

Imported record last updated by the source: 2025-08-15T18:00:48Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3455 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.