Fast Help For Homeowners Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 16, 2014)
Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it.
Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification. Considers the request approved by the holder if the holder does not respond within the 45 days.
What just happenedSep 16, 2014
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseSep 16, 2014
- Sep 16, 2014IntroReferralH11100
Referred to the House Committee on Financial Services.
- Sep 16, 2014IntroReferralIntro-H
Introduced in House
- Sep 16, 2014IntroReferral1000
Introduced in House