Produce the Note Act of 2011
Latest action · May 2, 2011 Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 15, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Produce the Note Act of 2011 - Prohibits commencement of any foreclosure in connection with certain residential mortgages unless the person commencing the foreclosure complies with specified prerequisites, including identification of the actual holder of the mortgage note, the originating mortgage lender and all subsequent assignees, and other all parties who have an interest in the real estate subject to the mortgage or in the mortgage or its proceeds.
Requires the person commencing the foreclosure to: (1) notify the mortgagor, in writing, not less than five days before any action is taken to commence foreclosure; and (2) certify to the court, in the case of a judicial foreclosure, or to the office of the state to which notice is required under state law, that such notice has been provided.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 15, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | John Conyers, Jr. | Original | Apr 15, 2011 |
Actions 4
Everything that happened, newest first.
- May 2, 2011Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- May 2, 2011Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
- Apr 15, 2011Introduced in House
- Apr 15, 2011Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Apr 15, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.