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HR 4182 114th Congress House

Prompt Notification of Short Sales Act

Official title: 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: December 3, 2015 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 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Dec 3, 2015
Referred to the House Committee on Financial Services.
Dec 3, 2015
Introduced in House
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 Latest action December 3, 2015

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Prompt Notification of Short Sales Act

This bill requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding the mortgagor's written request for a short sale of the dwelling or residential real property subject to the mortgage, deed of trust, or other security interest securing the mortgage loan.

An aggrieved individual may bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act.

This bill shall not apply to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Frankel, Lois
Florida · Dec 3, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4182: Prompt Notification of Short Sales Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4182/
MLA
"H.R. 4182: Prompt Notification of Short Sales Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4182/.
Bluebook (legal)
H.R. 4182, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4182/.
Markdown link
[H.R. 4182: Prompt Notification of Short Sales Act](https://openamerica.io/bill/114-HR-4182/)
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