H.R.1131 - Preventing Homeowners from Foreclosure Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Cohen, Steve [D-TN-9] (Introduced 03/16/2011)|
|Committees:||House - Financial Services|
|Latest Action:||04/04/2011 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (All Actions)|
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Summary: H.R.1131 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (03/16/2011)
Preventing Homeowners from Foreclosure Act of 2011 - Directs the Secretary of Housing and Urban Development (HUD) to implement a competitive grants program for states and local governmental entities to establish mediation programs to assist mortgagors under home mortgages facing foreclosure on such mortgages.
Requires the program to provide the mortgagor with a referral and contact information for a paid or pro bono attorney or a HUD-certified housing counselor.
Requires grant recipients to establish an outreach program to raise homeowner awareness of the existence of the foreclosure mediation program, including a telephone hotline, a World Wide Web site, or both.