U.S. Congress - H.R.6133 Prompt Decision for Qualification of Short Sale Act of 2010
H.R.6133 - Prompt Decision for Qualification of Short Sale Act of 2010
To require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale. view all titles (2)
All Bill Titles
- Official: To require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale. as introduced.
- Short: Prompt Decision for Qualification of Short Sale Act of 2010 as introduced.
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Official Summary
9/15/2010--Introduced.Prompt Decision for Qualification of Short Sale Act of 2010 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not receiOfficial Summary
9/15/2010--Introduced.Prompt Decision for Qualification of Short Sale Act of 2010 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not received, within 45 days after the servicer's receipt of the request, a written notification of whether the request has been approved, specified changes are required, or additional information is required. Declares this Act inapplicable to certain residential mortgages entered into before enactment of this Act which explicitly provide a procedure or terms for a short sale approval....Read the Rest
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Recent Blog Coverage
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Seven Things Coming From The Nationwide Stoppage of Foreclosures
HR 6133 is a bill introduced to require a lender to take no more than 45 days to approve or decline a short sale offer on a distressed home. Other legislation is pending to prevent any deficiency judgment against any homeowner who sells ...
How Short Sale Buying Can Become Easier
Last month, House representatives proposed HR 6133, also known as the Prompt Decision for Qualification of Short Sale Act of 2010. The bill proposed a 45-day deadline for lenders to issue the approval or denial of a short sale. ...
Seven Things Coming From The Nationwide Stoppage of Foreclosures
HR 6133 is a bill introduced to require a lender to take no more than 45 days to approve or decline a short sale offer on a distressed home. Other legislation is pending to prevent any deficiency judgment against any homeowner who sells ...
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