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S. 2120 112th Congress Senate

Prompt Notification of Short Sales Act

Official title: A bill to require the lender or servicer of a home mortgage upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale.

Introduced: June 5, 2012 Introduced by: Lisa Murkowski Republican · Alaska See on congress.gov
Housing and Community Development Civil actions and liabilityHousing finance and home ownership
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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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 Latest action February 16, 2012

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

 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.

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