3.0.0 3203 2023-01-11T13:30:25Z 2023-01-11T13:30:25Z House HR 2015-07-23 114 [Congressional Record Volume 161, Number 116 (Thursday, July 23, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HIGGINS:H.R. 3203.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H5468]]]> hsba00 Financial Services Committee House Standing Referred to 2015-07-23T14:00:41Z 2015-07-23 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-07-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-07-23 Introduced in House IntroReferral 1000 9 Library of Congress H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 N Housing and Community Development Civil actions and liability Housing finance and home ownership Housing and Community Development 00 2015-07-23 Introduced in House 2016-01-06T21:22:46Z Vacant Homes Act of 2015

This bill provides the mortgage owner of a home in foreclosure who receives notice from the homeowner (or from the homeowner's designee) of a qualified offer to buy the home in a short sale 90 days after receiving the notice to respond to the homeowner and the person who made the offer. The same response time requirement shall apply to the owner of a foreclosed home (or a servicer acting on the owner's behalf) who receives a qualified offer to buy it.

A response rejecting an offer shall be sufficient only if, among other things, it makes a counteroffer meeting specified criteria.

Aggrieved homeowners or offerors may bring private civil actions for failure to receive a timely and adequate mandatory response.

The Consumer Financial Protection Bureau may apply to the U.S. district court for the district in which a home in foreclosure or a foreclosed home is located for an order requiring either the mortgage owner of the home in foreclosure or the owner of the foreclosed home (or a servicer acting on the owner's behalf) to comply with the timely and adequate response requirements of this Act.

]]> Vacant Homes Act of 2015 Display Title Vacant Homes Act of 2015 Official Title as Introduced To require prompt responses by mortgage owners of homes in foreclosure to short sale offers to purchase such homes, and for other purposes. Introduced in House IH Short Titles as Introduced Vacant Homes Act of 2015 Introduced in House 2015-07-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3203ih/xml/BILLS-114hr3203ih.xml 2015-07-23 Referred to the House Committee on Financial Services. 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.