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HR 1498 112th Congress House Housing and Community Development Housing finance and home ownership

Prompt Decision for Qualification of Short Sale Act of 2011

Introduced: May 16, 2012 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
May 2, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 12, 2011
Referred to the House Committee on Financial Services.
Apr 12, 2011
Introduced in House
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 Plain-English summary Congressional Research Service

Prompt Decision for Qualification of Short Sale Act of 2011 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not received, within 45 days after the servicer's receipt of the request, a written notification of whether the request has been approved, specified changes are required, or additional information is required.

Declares this Act inapplicable to certain residential mortgages entered into before enactment of this Act which explicitly provide a procedure or terms for a short sale approval.

What's happening now May 2, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Related & companion bills 2
  • HR 6153 Related bill Fast Help For Homeowners Act
  • S 2120 Related bill Prompt Notification of Short Sales Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 25
All 25 Democratic 11 Republican 2
D
Sánchez, Linda T.
California · Nov 15, 2012
CRENSHAW, ANDER
· Jun 6, 2012
 D
Davis, Danny K.
Illinois · Jun 6, 2012
 D
Johnson, Henry C. "Hank"
Georgia · Jun 6, 2012
 D
McGovern, James P.
Massachusetts · Jun 6, 2012
PETERSON, COLLIN
· Jun 6, 2012
LOBIONDO, FRANK
· May 16, 2012
ROTHMAN, STEVEN
· May 16, 2012
 D
Tonko, Paul
New York · May 16, 2012
 D
Thompson, Mike
California · Dec 13, 2011
UPTON, FRED
· Jun 1, 2011
LOWEY, NITA
· May 25, 2011
Noem, Kristi
· May 25, 2011
 D
Costa, Jim
California · May 23, 2011
 D
Doggett, Lloyd
Texas · May 23, 2011
 R
Bilirakis, Gus M.
Florida · May 13, 2011
 R
Blackburn, Marsha
Tennessee · May 13, 2011
 D
Schiff, Adam B.
California · May 13, 2011
 D
Sherman, Brad
California · May 13, 2011
GREEN, GENE
· May 12, 2011
Harper, Gregg
· May 12, 2011
Hunter, Duncan
· May 12, 2011
MICA, JOHN
· May 12, 2011
FRANK, BARNEY
· May 11, 2011
 D
Heinrich, Martin
New Mexico · May 10, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1498: Prompt Decision for Qualification of Short Sale Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1498/
MLA
"H.R. 1498: Prompt Decision for Qualification of Short Sale Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1498/.
Bluebook (legal)
H.R. 1498, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1498/.
Markdown link
[H.R. 1498: Prompt Decision for Qualification of Short Sale Act of 2011](https://openamerica.io/bill/112-HR-1498/)
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