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S 3161 111th Congress Senate Housing and Community Development Administrative remedies Business records Department of the Treasury Government information and archives Housing finance and home ownership

Mortgage Modification Reform Act of 2010

Introduced: March 24, 2010 Introduced by: Shaheen, Jeanne Democratic · New Hampshire See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 24, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2025-2026)
Mar 24, 2010
Sponsor introductory remarks on measure. (CR S2024-2025)
Mar 24, 2010
Introduced in Senate
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 Plain-English summary Congressional Research Service

Mortgage Modification Reform Act of 2010 - Prohibits a residential mortgage servicer from initiating or continuing a foreclosure on a homeowner's mortgage if: (1) the homeowner applied for a loan modification under a home loan modification program either before receiving notice of the foreclosure or within 30 days after receiving it; and (2) the servicer has not yet determined that the homeowner does not qualify under a home loan modification program.

Directs the Secretary of the Treasury to establish a process by which a homeowner may request review of a servicer's denial of an application for either a trial or a permanent loan modification.

Subjects servicers to administrative penalties for wrongful denial of a loan modification application.

Requires servicers to evaluate loan applications in the order received, and to notify the homeowner within three months after the date of application submission.

Requires the Secretary to reduce servicer incentive payments for tardy evaluations by servicers of loan modification applications.

Prohibits servicers from imposing a delinquency fee upon homeowners while the loan modification application is pending.

What's happening now March 24, 2010

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2025-2026)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3161: Mortgage Modification Reform Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-3161/
MLA
"S. 3161: Mortgage Modification Reform Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3161/.
Bluebook (legal)
S. 3161, 111th Cong. (2026), https://openamerica.io/bill/111-S-3161/.
Markdown link
[S. 3161: Mortgage Modification Reform Act of 2010](https://openamerica.io/bill/111-S-3161/)
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