US HB4182 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prompt Notification of Short Sales Act This bill requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding the mortgagor's written request for a short sale of the dwelling or residential real property subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. An aggrieved individual may bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act. This bill shall not apply to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval.
Title
Prompt Notification of Short Sales Act
Sponsors
| Rep. Thomas Rooney [R-FL] | Rep. Lois Frankel [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-12-03 | House | Referred to the House Committee on Financial Services. |
| 2015-12-03 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/4182/all-info |
| Text | https://www.congress.gov/114/bills/hr4182/BILLS-114hr4182ih.pdf |
