Administrative State, Regulatory Reform, and Antitrust Subcommittee, Judiciary Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Foreclosure Fairness Act of 2017 This bill prohibits a court, in the case of any federally related mortgage loan, from entering a deficiency judgment requiring the mortgagor to pay any remaining balance on the mortgage loan after a foreclosure sale of the mortgaged property.
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Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Sponsor introductory remarks on measure. (CR H5096)
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Sponsor introductory remarks on measure. (CR H5096)
Housing and Community Development
Civil actions and liabilityGovernment lending and loan guaranteesHousing finance and home ownership
To allow homeowners facing foreclosure to avoid deficiency judgments, and for other purposes.
USA115th CongressHR-3016| House
| Updated: 6/22/2017
Foreclosure Fairness Act of 2017 This bill prohibits a court, in the case of any federally related mortgage loan, from entering a deficiency judgment requiring the mortgagor to pay any remaining balance on the mortgage loan after a foreclosure sale of the mortgaged property.