All Information (Except Text) for S.361 - Prompt Notification of Short Sales Act113th Congress (2013-2014)
|Sponsor:||Sen. Murkowski, Lisa [R-AK] (Introduced 02/14/2013)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 02/14/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
There is 1 version of this bill. View text
Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Prompt Notification of Short Sales Act
Actions Overview (1)
|02/14/2013||Introduced in Senate|
02/14/2013 Introduced in Senate
All Actions (1)
|02/14/2013||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
02/14/2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Sen. Brown, Sherrod [D-OH]*||02/14/2013|
|Sen. Enzi, Michael B. [R-WY]*||02/14/2013|
|Sen. Menendez, Robert [D-NJ]*||02/14/2013|
|Sen. Reed, Jack [D-RI]*||02/14/2013|
|Sen. Merkley, Jeff [D-OR]*||02/14/2013|
|Sen. Warren, Elizabeth [D-MA]||02/24/2014|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Banking, Housing, and Urban Affairs||02/14/2013||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (02/14/2013)
Prompt Notification of Short Sales Act - Requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding a written request of the mortgagor for 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 equitable relief and a monetary award of $1,000 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