Fast Help For Homeowners Act
Latest action · Sep 16, 2014 Referred to the House Committee on Financial Services.
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.
- IntroducedSep 16, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 6
Members who signed on, in the order they did. All signed on Sep 16, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | George Miller | Original | Sep 16, 2014 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Sep 16, 2014 |
| D-CA | Jim Costa | Original | Sep 16, 2014 |
| R-FL | Richard B. Nugent | Original | Sep 16, 2014 |
| R-FL | Thomas J. Rooney | Original | Sep 16, 2014 |
| D-CA | Tony Cárdenas | Original | Sep 16, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 16, 2014 |
Actions 2
Everything that happened, newest first.
- Sep 16, 2014Introduced in House
- Sep 16, 2014Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H7618.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 361 | Prompt Notification of Short Sales Act | Related bill | Feb 14, 2013 |
| HR 839 | Prompt Notification of Short Sales Act | Related bill | Feb 26, 2013 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the holder of a subordinate lien on the property that secures a federally related mortgage loan, upon a request by the homeowner for a short sale, to make a timely decision whether to allow the sale.
- Short Titles as Introduced
- Fast Help For Homeowners Act
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Sep 16, 2014Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
