HR 5496
113th Congress
House
Housing and Community Development
Financial services and investments
Government lending and loan guarantees
Housing finance and home ownership
Real estate business
Fast Help For Homeowners Act
Introduced: September 16, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 16, 2014
Referred to the House Committee on Financial Services.
Sep 16, 2014
Introduced in House
Plain-English summary
Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it.
Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification. Considers the request approved by the holder if the holder does not respond within the 45 days.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1