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Produce the Note Act of 2009

Introduced: February 23, 2009 Introduced by: Kaptur, Marcy Democratic · Ohio See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2009
Referred to the House Committee on Financial Services.
Feb 23, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Produce the Note Act of 2009 - Prohibits commencement of any foreclosure in connection with certain residential mortgages unless the person commencing the foreclosure complies with specified prerequisites, including identification of the actual holder of the mortgage note, the originating mortgage lender and all subsequent assignees, and other all parties who have an interest in the real estate subject to the mortgage or in the mortgage or its proceeds.

Requires the person commencing the foreclosure to: (1) notify the mortgagor, in writing, not less than five days before any action is taken to commence foreclosure; and (2) certify to the court, in the case of a judicial foreclosure, or to the office of the state to which notice is required under state law, that such notice has been provided.

What's happening now February 23, 2009

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1