3.0.0 3595 2019-11-15T20:52:56Z 2019-11-15T20:52:56Z House H HR 2011-12-07 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WILSON of Florida:H.R. 3595.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the Constitution.The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H8261]]]> hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Referred to 2012-01-12T19:55:32Z Referred to 2011-12-07T15:05:10Z Regulation of Mortgage Servicing Act of 2012 112 3789 HR 2012-02-09 Referred to the Subcommittee on Financial Institutions and Consumer Credit. Related bill CRS Regulation of Mortgage Servicing Act of 2011 112 967 S 2011-05-12 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2012-01-12 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2011-12-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-12-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-12-07 Introduced in House IntroReferral 1000 9 Library of Congress W000808 Rep. Wilson, Frederica S. [D-FL-17] Frederica Wilson D FL S. 17 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-04-17 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2012-09-11 False Housing and Community Development Administrative law and regulatory procedures Administrative remedies Alternative dispute resolution, mediation, arbitration Department of Housing and Urban Development Housing finance and home ownership Housing and Community Development 00 2011-12-07 Introduced in House 2012-02-09T23:15:39Z Mandatory Foreclosure Mediation Act - Prohibits a servicer from initiating a foreclosure action against a borrower unless the servicer has: (1) made a reasonable effort to initiate mediation proceedings to determine if the borrower is eligible for a loan modification or an alternative to foreclosure; and (2) offered the borrower, if eligible, such a modification or alternative.

Requires a servicer to suspend a foreclosure action initiated before the enactment of this Act until the servicer: (1) completes such a mediation proceeding; and (2) offers the borrower, if eligible, a modification or alternative.

Prohibits a servicer, during the suspension period, from: (1) sending the borrower a notice of foreclosure, (2) conducting or scheduling a sale of the real property securing the mortgage, or (3) causing final judgment to be entered against the borrower.

Directs the Secretary of Housing and Urban Development (HUD) to establish such a mediation process.

Declares that a servicer is not required to suspend a foreclosure action if the servicer makes a reasonable effort to schedule a mediation proceeding and documents that the borrower has not agreed to one.

Makes a violation of this Act a bar to a foreclosure action. Allows a servicer in compliance with this Act, however, to bring or proceed with a foreclosure action, regardless of any prior violation.

]]> Mandatory Foreclosure Mediation Act Short Titles as Introduced Mandatory Foreclosure Mediation Act Display Title Mandatory Foreclosure Mediation Act Official Title as Introduced To establish a mandatory mediation process for servicers of residential mortgages and borrowers. Introduced in House 2011-12-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3595ih/xml/BILLS-112hr3595ih.xml 2012-01-12 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. 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.