US Congress House Bill 6153 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on July 19 2012 - 25% progression, died in committee
Action: 2012-10-01 - 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]

Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it. Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification. Considers the request approved by the holder if the holder does not respond within the 45 days.

To require the holder of a subordinate lien on the property that secures a federally related mortgage loan, upon a request by the homeowner for a short sale, to make a timely decision whether to allow the sale.

Rep. Jerry McNerney [D-CA]	Rep. Dennis Cardoza [D-CA]	Rep. Jim Costa [D-CA]	Rep. Henry Johnson [D-GA]
Rep. Barbara Lee [D-CA]	Rep. George Miller [D-CA]	Rep. Richard Nugent [R-FL]	Rep. Thomas Rooney [R-FL]

Date	Chamber	Action
2012-10-01	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2012-07-19	House	Referred to the House Committee on Financial Services.

HB1498 (Related) 2011-05-02 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
SB2120 (Related) 2012-02-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB3177 (Related) 2012-05-15 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6153/all-info
Text	https://www.congress.gov/112/bills/hr6153/BILLS-112hr6153ih.pdf