3.0.0 1231 2019-11-15T21:19:36Z 2019-11-15T21:19:36Z House H HR 2009-02-26 111 hsif00 Energy and Commerce Committee House Standing hsif17 Innovation, Data, and Commerce Subcommittee Referred to 2009-03-02T21:12:01Z Referred to 2009-02-26T15:02:49Z hsba00 Financial Services Committee House Standing Referred to 2009-02-26T15:02:48Z A bill to protect the property and security of homeowners who are subject to foreclosure proceedings, and for other purposes. 111 117 S 2009-01-06 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S89-92) Related bill CRS 2009-03-02 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Referred to the Subcommittee on Commerce, Trade and Consumer Protection. Committee 2009-02-26 Referred to House Energy and Commerce IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2009-02-26 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2009-02-26 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-02-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-26 Introduced in House IntroReferral 1000 9 Library of Congress M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2009-02-26 True F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2009-03-06 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2009-03-06 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2009-03-23 False S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2009-03-25 False S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2009-03-25 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2009-04-21 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2009-04-21 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2009-04-28 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2009-05-06 False Housing and Community Development Civil actions and liability Contracts and agency Fraud offenses and financial crimes Housing finance and home ownership Housing and Community Development 00 2009-02-26 Introduced in House 2009-05-01T19:13:34Z Foreclosure Rescue Fraud Act of 2009 - Prohibits a foreclosure consultant from: (1) receiving compensation from a homeowner for services performed regarding residential real property until such consultant has fully performed each service contracted for; (2) holding power of attorney from any homeowner, except to inspect documents; (3) receiving consideration from a third party in connection with services rendered to a homeowner by such third party with respect to the foreclosure, unless such consideration is fully disclosed in writing before such services are rendered; (4) accepting any wage assignment, lien, or other security to secure compensation for services rendered regarding foreclosure of the residential real property; or (5) acquiring any interest in the residence of a homeowner with whom the consultant has contracted.

Sets forth contract requirements. Permits a homeowner to cancel such contract without penalty or obligation.

Declares void and unenforceable: (1) any waiver by a homeowner of the protections provided in this Act; and (2) any contract that does not comply with this Act.

Requires a loan servicer to notify a homeowner of the dangers of fraudulent activities associated with foreclosure if the servicer finds that the homeowner has failed to make two consecutive payments on a residential mortgage loan and such loan is at risk of foreclosure.

Subjects any foreclosure consultant who fails to comply with this Act to liability for actual and punitive damages and attorneys' fees.

Empowers the Federal Trade Commission (FTC) and the states to enforce this Act.

]]> Foreclosure Rescue Fraud Act of 2009 Short Titles as Introduced Foreclosure Rescue Fraud Act of 2009 Display Title Foreclosure Rescue Fraud Act of 2009 Official Title as Introduced To protect the property and security of homeowners who are subject to foreclosure proceedings, and for other purposes. Introduced in House 2009-02-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1231ih/xml/BILLS-111hr1231ih.xml 2009-03-02 Referred to the Subcommittee on Commerce, Trade and Consumer Protection. 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.