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United States · Bill · HR

H.R. 1498 (112th)

Prompt Decision for Qualification of Short Sale Act of 2011

referredUnited States· United States Congress· EN

Introduced

12 April 2011

Last action

2 May 2011 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Rooney, Thomas J. [R-FL-17], Rep. Andrews, Robert E. [D-NJ-1], Sen. Heinrich, Martin [D-NM], Rep. Speier, Jackie [D-CA-14], Rep. Frank, Barney [D-MA-4], Rep. Green, Gene [D-TX-29], Rep. Mica, John L. [R-FL-7], Rep. Harper, Gregg [R-MS-3], Rep. Gerlach, Jim [R-PA-6], Rep. Hunter, Duncan D. [R-CA-50], Sen. Blackburn, Marsha [R-TN], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Bilirakis, Gus M. [R-FL-12], Rep. West, Allen B. [R-FL-22], Rep. Rush, Bobby L. [D-IL-1], Sen. Schiff, Adam B. [D-CA], Rep. Sherman, Brad [D-CA-32], Rep. Costa, Jim [D-CA-21], Rep. Pastor, Ed [D-AZ-4], Rep. Doggett, Lloyd [D-TX-37], Rep. Towns, Edolphus [D-NY-10], Rep. Lowey, Nita M. [D-NY-17], Rep. Rivera, David [R-FL-25], Rep. Noem, Kristi L. [R-SD-At Large], Rep. Eshoo, Anna G. [D-CA-18], Rep. McNerney, Jerry [D-CA-9], Rep. Upton, Fred [R-MI-6], Rep. Young, C. W. Bill [R-FL-13], Rep. Posey, Bill [R-FL-8], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Deutch, Theodore E. [D-FL-22], Rep. Schrader, Kurt [D-OR-5], Rep. Petri, Thomas E. [R-WI-6], Rep. Davis, Susan A. [D-CA-53], Rep. Thompson, Mike [D-CA-4], Rep. Honda, Michael M. [D-CA-15], Rep. Hahn, Janice [D-CA-44], Rep. Rothman, Steven R. [D-NJ-9], Rep. Higgins, Brian [D-NY-26], Rep. LoBiondo, Frank A. [R-NJ-2], Rep. King, Peter T. [R-NY-2], Rep. Tonko, Paul [D-NY-20], Rep. Griffin, Tim [R-AR-2], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Waxman, Henry A. [D-CA-33], Rep. Crenshaw, Ander [R-FL-4], Rep. McGovern, James P. [D-MA-2]

Subjects

Housing

Source updated

14 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Prompt Decision for Qualification of Short Sale Act of 2011 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not received, within 45 days after the servicer's receipt of the request, a written notification of whether the request has been approved, specified changes are required, or additional information is required. Declares this Act inapplicable to certain residential mortgages entered into before enactment of this Act which explicitly provide a procedure or terms for a short sale approval.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 April 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 12 April 2011

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  3. 12 April 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 May 2011

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 April 2011

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 April 2011

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  • Introduced in House

    summary · EN · 12 April 2011

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Sponsors

Showing 48 of 53 sponsors and actors.

Related records

Sources

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