US Congress House Bill 839 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on February 26 2013 - 25% progression, died in committee
Action: 2013-02-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Prompt Notification of Short Sales Act - 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 a written request of the mortgagor for a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. Authorizes an aggrieved individual to bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act. Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval.

Prompt Notification of Short Sales Act

Rep. Thomas Rooney [R-FL]	Rep. Robert Andrews [D-NJ]	Rep. Ander Crenshaw [R-FL]	Rep. Joseph Heck [R-NV]
Rep. Duncan Hunter [R-CA]	Rep. Jerry McNerney [D-CA]	Rep. Bobby Rush [D-IL]	Rep. Albio Sires [D-NJ]

Date	Chamber	Action
2013-02-26	House	Referred to the House Committee on Financial Services.

SB361 (Related) 2013-02-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB5496 (Related) 2014-09-16 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/839/all-info
Text	https://www.congress.gov/113/bills/hr839/BILLS-113hr839ih.pdf