3.0.0 3789 2019-11-15T20:54:36Z 2019-11-15T20:54:36Z House H HR 2012-01-18 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DeLAURO:H.R. 3789.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 3 and 18 of the United StatesConstitution.[Page H78]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-02-09T16:37:20Z Referred to 2012-01-18T15:02:15Z Mandatory Foreclosure Mediation Act 112 3595 HR 2012-01-12 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. 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 2012-02-09 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-01-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-01-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-01-18 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2012-02-07 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2012-02-14 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-02-14 False B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2012-03-06 False Housing and Community Development Civil actions and liability Housing finance and home ownership Housing and Community Development 00 2012-01-18 Introduced in House 2012-03-19T18:51:11Z Regulation of Mortgage Servicing Act of 2012 - Requires a mortgage servicer to assign one case manager to each borrower that seeks a mortgage loan modification or an alternative to foreclosure.

Requires the case manager to: (1) manage the communication between the servicer and the borrower, and (2) make decisions about the borrower's eligibility for a loan modification or an alternative to foreclosure.

Prohibits a servicer from initiating a covered foreclosure action against a borrower unless the servicer has performed specified tasks related to offering the borrower, if eligible, a loan modification or an alternative to foreclosure.

Requires a servicer to suspend a covered foreclosure action initiated before the enactment of this Act until such tasks have been performed.

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.

Prescribes requirements a servicer must meet in order to be deemed to have made a reasonable effort to obtain necessary information to determine a borrower's eligibility for a loan modification or an alternative to foreclosure.

Requires a servicer, before notifying a borrower of his or her ineligibility for a loan modification or an alternative to foreclosure, to obtain the services of an independent reviewer to review the borrower's file and determine whether or not the borrower is eligible.

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

Makes any servicer that fails to comply with any requirement of this Act liable to a borrower in the same manner that a creditor who fails to comply with any requirement is liable to a person.

]]> Regulation of Mortgage Servicing Act of 2012 Short Titles as Introduced Regulation of Mortgage Servicing Act of 2012 Display Title Regulation of Mortgage Servicing Act of 2012 Official Title as Introduced To amend the Truth in Lending Act to establish clear regulatory standards for mortgage servicers, and for other purposes. Introduced in House 2012-01-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3789ih/xml/BILLS-112hr3789ih.xml 2012-02-09 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.