Prompt Notification of Short Sales Act

Summary

Prompt Notification of Short Sales Act - Requires each servicer of a home mortgage to respond in writing within 75 days to a mortgagor of a residential mortgage loan who has requested in writing a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. Authorizes an aggrieved individual to bring a civil action for damages and equitable relief for any violation of this Act. Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements 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. 16 February 2012

   Introduced

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

   Source: IntroReferral

2. 16 February 2012

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 16 February 2012 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 February 2012

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 February 2012

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 16 February 2012

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Murkowski, Lisa [R-AK] · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Sen. Brown, Scott P. [R-MA] · R · Sponsor
• Sen. Menendez, Robert [D-NJ] · D · Cosponsor
• Sen. Lieberman, Joseph I. [ID-CT] · ID · Cosponsor
• Sen. Enzi, Michael B. [R-WY] · R · Cosponsor
• Sen. Sanders, Bernard [I-VT] · I · Cosponsor
• · ssbk00 · Standing

Related records

• related to → Prompt Decision for Qualification of Short Sale Act of 2011
• related to → Fast Help For Homeowners Act
• related to ← SOLD Act