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S 2279 116th Congress Senate Housing and Community Development Administrative remedies Congressional oversight Department of Housing and Urban Development Government information and archives Housing finance and home ownership

FHA Foreclosure Prevention Act of 2019

Introduced: July 25, 2019 Introduced by: Cortez Masto, Catherine Democratic · Nevada See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 25, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

FHA Foreclosure Prevention Act of 2019

This bill revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill

  • requires documentation from mortgage servicers of loss mitigation efforts,
  • provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers,
  • establishes a complaint procedure for borrowers regarding mortgage servicers, and
  • requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.
What's happening now July 25, 2019

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

 Committees of jurisdiction 1