Summary: H.R.5108 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.5108. Bill summaries are authored by CRS.

Shown Here:
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.