3.0.0 4182 2023-01-11T13:32:30Z 2023-01-11T13:32:30Z House HR 2015-12-03 114 [Congressional Record Volume 161, Number 175 (Thursday, December 3, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROONEY of Florida:H.R. 4182.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3--The clause that statesCongress has the power ``to regulate Commerce with foreignnations, and among several States, and with the IndianTribes.''[Page H9012]]]> hsba00 Financial Services Committee House Standing Referred to 2015-12-03T14:00:45Z 2015-12-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-12-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-12-03 Introduced in House IntroReferral 1000 9 Library of Congress R000583 Rep. Rooney, Thomas J. [R-FL-17] Thomas Rooney R FL J. 17 N F000462 Rep. Frankel, Lois [D-FL-22] Lois Frankel D FL 22 2015-12-03 True Housing and Community Development Civil actions and liability Housing finance and home ownership Housing and Community Development 00 2015-12-03 Introduced in House 2016-04-15T18:04:54Z Prompt Notification of Short Sales Act

This bill requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding the mortgagor's written request for a short sale of the dwelling or residential real property subject to the mortgage, deed of trust, or other security interest securing the mortgage loan.

An aggrieved individual may bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act.

This bill shall not apply to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval.

]]> Prompt Notification of Short Sales Act Display Title Prompt Notification of Short Sales Act Official Title as Introduced To require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale. Introduced in House IH Short Titles as Introduced Prompt Notification of Short Sales Act Introduced in House 2015-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4182ih/xml/BILLS-114hr4182ih.xml 2015-12-03 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.