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- H.R.3595
H.R.3595: Mandatory Foreclosure Mediation Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced Dec. 7, 2011
- Latest Major Action Jan. 12, 2012
Bill Sponsor
Bill Summary
Mandatory Foreclosure Mediation Act - Prohibits a servicer from initiating a foreclosure action against a borrower unless the servicer has: (1) made a reasonable effort to initiate mediation proceedings to determine if the borrower is eligible for a loan modification or an alternative to foreclosure; and (2) offered the borrower, if eligible, such a modification or alternative. Requires a servicer to suspend a foreclosure action initiated...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
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| Dec. 7, 2011 |
Introduced in the House by Frederica Wilson (D-Fla.) |