US SB2279 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill requires documentation from mortgage servicers of loss mitigation efforts, provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers, establishes a complaint procedure for borrowers regarding mortgage servicers, and requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.
Title
FHA Foreclosure Prevention Act of 2019
Sponsors
Sen. Catherine Cortez Masto [D-NV] | Sen. Chris Van Hollen [D-MD] | Sen. Elizabeth Warren [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2019-07-25 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB3958 (Related) 2019-07-25 - Referred to the House Committee on Financial Services.
Subjects
Administrative remedies
Congressional oversight
Department of Housing and Urban Development
Government information and archives
Housing and community development
Housing finance and home ownership
Congressional oversight
Department of Housing and Urban Development
Government information and archives
Housing and community development
Housing finance and home ownership
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2279/all-info |
Text | https://www.congress.gov/116/bills/s2279/BILLS-116s2279is.pdf |