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FHA Foreclosure Prevention Act of 2019
Legislative Progress
Introduced
July 25, 2019
Latest Action
July 25, 2019
Primary Sponsor
Catherine Cortez MastoDemocratic(NV)
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 5,086 other S bills in the 116th — cohort avg 30d
FHA Foreclosure Prevention Act of 2019 This bill revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill requires documentation from mortgage servicers of loss mitigation efforts, provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers, establishes a complaint procedure for borrowers regarding mortgage servicers, and requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
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Sources: Congress.gov