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S. 3177 112th Congress Senate

SOLD Act

Official title: A bill to amend the Truth in Lending Act to require servicers to provide responses to mortgagors requesting residential mortgage loan refinancing, and for other purposes.

Introduced: May 15, 2012 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
May 15, 2012
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 15, 2012
Introduced in Senate
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 Latest action May 15, 2012

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

 Plain-English summary Congressional Research Service

Stopping Ongoing Lender Delays Act or SOLD Act - Amends the Truth in Lending Act to require each servicer of a home mortgage to respond in writing within 30 days to a mortgagor of a residential mortgage loan who hasrequested 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 2
  • HR 6153 Fast Help For Homeowners Act
  • S 2120 Prompt Notification of Short Sales Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3177: SOLD Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-3177/
MLA
"S. 3177: SOLD Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-3177/.
Bluebook (legal)
S. 3177, 112th Cong. (2026), https://openamerica.io/bill/112-S-3177/.
Markdown link
[S. 3177: SOLD Act](https://openamerica.io/bill/112-S-3177/)
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