Skip to main content
HR 2666 111th Congress House Housing and Community Development Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Consumer affairs Contracts and agency Federal Trade Commission (FTC) Housing finance and home ownership

Mortgage Foreclosure Rescue and Loan Modification Services Fraud Prevention Act of 2009

Introduced: June 2, 2009 Introduced by: Matsui, Doris O. Democratic · California See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 3, 2009
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Jun 2, 2009
Referred to House Energy and Commerce
Jun 2, 2009
Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 2, 2009
Referred to House Financial Services
Jun 2, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Mortgage Foreclosure Rescue and Loan Modification Services Fraud Prevention Act of 2009 - Directs the Federal Trade Commission (FTC) to conduct a rulemaking proceeding with respect to mortgage foreclosure rescue and loan modification services.

Directs the FTC to include in the rule, among other things, requirements that: (1) any residential real property mortgage foreclosure rescue or loan modification service provided to a homeowner contain a written contract meeting specified criteria; (2) any such contract contain a clearly and prominently disclosed right for the homeowner to cancel within a set number of business days with no penalty or obligation; and (3) prohibits or restricts mortgage foreclosure rescue and loan modification services from requesting or receiving any funds until any such services have been fully performed, results have been achieved, and both have been documented to the consumer.

What's happening now June 3, 2009

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1