Important legislation introduced by Representative Al Green to make home buying in Texas more equitable.

(Washington, D.C.) – On Tuesday, October 22, 2019, Congressman Al Green, Congresswoman Judy Chu, Congresswoman Sylvia Garcia, and Congressman William Lacy Clay introduced H.R. 4783 and released the following statement:

Congressman Al Green said, “Access to credit and homeownership is a common struggle for far too many new Americans and immigrant communities, in part because of strong language barriers. Offering information essential to the homebuying process in the preferred language of the borrower is critical to ensuring this access for persons with limited English proficiency (LEP). The language preference question – previously included on the Universal Residential Loan Application (URLA) form which is used for loans backed by Fannie Mae and Freddie Mac – serves to help regulators gather pertinent information on borrowers’ language preferences so that we can decrease the likelihood of language barriers presenting a deterrent or challenge for prospective LEP homebuyers. In August 2019, the Federal Housing Finance Agency (FHFA) removed this critical question, and their arbitrary decision perpetuates the risk of predatory lending practices that many LEP homebuyers fall prey to because of language barriers. The LEP Data Acquisition in Mortgage Lending Act of 2019, introduced by my colleagues Congresswoman Chu, Congresswoman Garcia, Congressman Clay, and I today, will require the language preference question to be reinstated on the URLA. We must continue collecting language preference information to ensure a fair and equitable approach to homebuying for all persons, regardless of their primary language.”

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