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H.R. 6153

BillFederalHouseIn Committee
Fast Help For Homeowners Act
About This Bill
Committee
Latest Action · October 1, 2012
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congress
112th (2011–2013)
Introduced
July 19, 2012
Cosponsors (7)
5D 2R
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Summary

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Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it. Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification. Considers the request approved by the holder if the holder does not respond within the 45 days.

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