legislation: 114-hr-4182
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| 114-hr-4182 | 114 | hr | 4182 | Prompt Notification of Short Sales Act | Housing and Community Development | 2015-12-03 | 2015-12-03 | Referred to the House Committee on Financial Services. | House | Rep. Rooney, Thomas J. [R-FL-17] | FL | R | R000583 | 1 | 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. | 2023-01-11T13:32:30Z |