Introduced
by
To extend for another two years the Dec. 31, 2012 sunset on a 2009 law that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process).
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To extend the foreclosure period for recently widowed older people on Social Security.
The amendment failed 18 to 20 (details)
Passed in the Senate 37 to 1 (details)
Referred to the Committee on Banking and Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 109 to 0 (details)
To extend for another two years the Dec. 31, 2012 sunset on a 2009 law that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process).
