H.R.5108 - Zombie Property Relief Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. Grayson, Alan [D-FL-9] (Introduced 04/28/2016)|
|Committees:||House - Financial Services|
|Latest Action:||House - 04/28/2016 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5108 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (04/28/2016)
Zombie Property Relief Act of 2016
This bill authorizes the Consumer Financial Protection Bureau (CFPB) to assess a specified fine against a mortgagee that has failed to maintain residential real property that is subject to a federally-related mortgage in foreclosure (nuisance property) until ownership has been transferred to a new owner and the deed for such property transfer has been recorded.
The CFPB shall establish a system for reporting the existence of nuisance properties.