S. 3589 (112th): Mortgage Modification Outreach Act

Introduced:
Sep 20, 2012 (112th Congress, 2011–2013)
Sponsor:
Sen. John “Jack” Reed [D-RI]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 20, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 20, 2012
Referred to Committee Sep 20, 2012
Cosponsors
none
Committees

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to require the Comptroller of the Currency to establish a pilot program to facilitate communication between borrowers and servicers.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Sep 20, 2012.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/20/2012--Introduced.
Mortgage Modification Outreach Act - Requires the Comptroller of the Currency to implement a pilot program to determine the feasibility of requiring residential mortgage loan servicers to use their affiliated national bank consumer banking branches to provide certain information to any of the servicer's residential mortgage borrowers applying for a loan modification.
Specifies information relating to:
(1) all relevant contact information for the borrower's single point of contact in connection with a loan modification application; and
(2) the address of a nearby location where the borrower may copy, fax, scan, transmit by overnight delivery, or mail or email documents to the borrower's customer service representative or the borrower's single point of contact at the servicer.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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