Right to Rent Act of 2017

Summary

Right to Rent Act of 2017 This bill temporarily allows an eligible mortgagor who is subject to foreclosure proceedings to remain in the foreclosed home as a renter for up to five years, subject to specified requirements. The bill applies to a mortgage originated prior to 2009 on a single-family home that: (1) has been used as a primary residence for at least two years, and (2) had a purchase price that is less than the median purchase price for residences in the area. The bill specifies notice requirements and establishes a formula for determining fair-market rent. The Department of Housing and Urban Development shall: (1) monitor compliance with the bill, (2) provide assistance to eligible mortgagors in exercising their rights under the bill, and (3) conduct outreach activities.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 April 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 5 April 2017

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• Introduced in House

  summary · EN · 5 April 2017

  Open at official source

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