3.0.0 3034 2017-12-15T00:21:43Z 2017-12-15T00:21:43Z Senate S S 2008-05-19 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-05-19T21:55:46Z Protecting Tenants at Foreclosure Act of 2008 110 5963 HR 2008-05-05 Referred to the House Committee on Financial Services. Identical bill CRS 2008-05-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2008-05-19 True Housing and Community Development Finance and Financial Sector Foreclosure Housing subsidies Landlord and tenant Leases Public housing Rent Social Welfare Housing and Community Development 00 2008-05-19 Introduced in Senate 2008-08-01T18:47:34Z Protecting Tenants at Foreclosure Act of 2008 - States that any immediate successor in interest to residential property in foreclosure assumes such interest subject to: (1) giving the existing bona fide tenant at least 90-day notice to vacate; and (2) specified rights of such tenant to occupy the premises until the end of the remaining term of the lease.

Amends the United States Housing Act of 1937 to require a housing assistance payment contract to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure: (1) during the initial term of the lease vacating the property prior to sale shall not constitute other good cause for termination of the lease; but (2) in subsequent lease terms, vacating the property prior to sale may constitute good cause if the property is unmarketable while occupied, or if such owner will occupy the unit as a primary residence.

Authorizes a housing assistance payment contract entered into by the public housing agency and the owner of a dwelling unit to provide that the immediate successor in interest to property in foreclosure in which a housing assistance recipient resides, assumes such interest subject to the lease between the prior owner and the tenant, and subject to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit.

]]> Protecting Tenants at Foreclosure Act of 2008 Short Titles as Introduced Protecting Tenants at Foreclosure Act of 2008 Display Title Protecting Tenants at Foreclosure Act of 2008 Official Title as Introduced A bill to protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, and for other purposes. Introduced in Senate 2008-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3034is/xml/BILLS-110s3034is.xml 2008-05-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.