US Congress House Bill 1498 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 34-18)
Status: Introduced on April 12 2011 - 25% progression, died in committee
Action: 2011-05-02 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

Prompt Decision for Qualification of Short Sale Act of 2011 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not received, within 45 days after the servicer's receipt of the request, a written notification of whether the request has been approved, specified changes are required, or additional information is required. Declares this Act inapplicable to certain residential mortgages entered into before enactment of this Act which explicitly provide a procedure or terms for a short sale approval.

Prompt Decision for Qualification of Short Sale Act of 2011

Rep. Thomas Rooney [R-FL]	Rep. Robert Andrews [D-NJ]	Rep. Gus Bilirakis [R-FL]	Sen. Marsha Blackburn [R-TN]
Rep. Jim Costa [D-CA]	Rep. Ander Crenshaw [R-FL]	Rep. Danny Davis [D-IL]	Rep. Susan Davis [D-CA]
Rep. Theodore Deutch [D-FL]	Rep. Lloyd Doggett [D-TX]	Rep. Anna Eshoo [D-CA]	Rep. Barney Frank [D-MA]
Rep. Jim Gerlach [R-PA]	Rep. Gene Green [D-TX]	Rep. Tim Griffin [R-AR]	Rep. Raul Grijalva [D-AZ]
Rep. Janice Hahn [D-CA]	Rep. Gregg Harper [R-MS]	Sen. Martin Heinrich [D-NM]	Rep. Brian Higgins [D-NY]
Rep. Maurice Hinchey [D-NY]	Rep. Michael Honda [D-CA]	Rep. Duncan Hunter [R-CA]	Rep. Henry Johnson [D-GA]
Rep. Peter King [R-NY]	Rep. Frank LoBiondo [R-NJ]	Rep. Nita Lowey [D-NY]	Rep. James McGovern [D-MA]
Rep. Jerry McNerney [D-CA]	Rep. John Mica [R-FL]	Rep. Michael Michaud [D-ME]	Rep. Kristi Noem [R-SD]
Rep. Ed Pastor [D-AZ]	Rep. Collin Peterson [D-MN]	Rep. Thomas Petri [R-WI]	Rep. Bill Posey [R-FL]
Rep. David Rivera [R-FL]	Rep. Steven Rothman [D-NJ]	Rep. Bobby Rush [D-IL]	Rep. Linda Sanchez [D-CA]
Rep. Adam Schiff [D-CA]	Rep. Kurt Schrader [D-OR]	Rep. Brad Sherman [D-CA]	Rep. Jackie Speier [D-CA]
Rep. Mike Thompson [D-CA]	Rep. Paul Tonko [D-NY]	Rep. Edolphus Towns [D-NY]	Rep. Fred Upton [R-MI]
Rep. Henry Waxman [D-CA]	Rep. Allen West [R-FL]	Rep. Lynn Woolsey [D-CA]	Rep. C.W. Young [R-FL]

Date	Chamber	Action
2011-05-02	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-04-12	House	Referred to the House Committee on Financial Services.

SB2120 (Related) 2012-02-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB6153 (Related) 2012-10-01 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1498/all-info
Text	https://www.congress.gov/112/bills/hr1498/BILLS-112hr1498ih.pdf