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S 2120 112th Congress Senate Housing and Community Development Civil actions and liability Housing finance and home ownership

Prompt Notification of Short Sales Act

Introduced: February 16, 2012 Introduced by: Murkowski, Lisa Republican · Alaska 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2012
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 16, 2012
Introduced in Senate
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 Plain-English summary Congressional Research Service

Prompt Notification of Short Sales Act - Requires each servicer of a home mortgage to respond in writing within 75 days to a mortgagor of a residential mortgage loan who has requested in writing a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan.

Authorizes an aggrieved individual to bring a civil action for damages and equitable relief for any violation of this Act.

Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval.

What's happening now February 16, 2012

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 3
  • HR 1498 Related bill Prompt Decision for Qualification of Short Sale Act of 2011
  • HR 6153 Related bill Fast Help For Homeowners Act
  • S 3177 Related bill SOLD Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Jun 5, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2120: Prompt Notification of Short Sales Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-2120/
MLA
"S. 2120: Prompt Notification of Short Sales Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2120/.
Bluebook (legal)
S. 2120, 112th Cong. (2026), https://openamerica.io/bill/112-S-2120/.
Markdown link
[S. 2120: Prompt Notification of Short Sales Act](https://openamerica.io/bill/112-S-2120/)
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