HR 1548

112th CONGRESS
1st Session

H. R. 1548

To allow homeowners of moderate-value homes who are subject to mortgage foreclosure proceedings to remain in their homes as renters.

IN THE HOUSE OF REPRESENTATIVES

April 14, 2011

Mr. GRIJALVA (for himself, Ms. BROWN of Florida, Ms. CLARKE of New York, Mr. CONYERS, Mr. CLAY, Mr. ELLISON, Mr. FILNER, Mr. HOLT, Ms. KAPTUR, Mr. KUCINICH, Ms. NORTON, Mr. JACKSON of Illinois, Mr. STARK, and Ms. WOOLSEY) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To allow homeowners of moderate-value homes who are subject to mortgage foreclosure proceedings to remain in their homes as renters.

SECTION 1. SHORT TITLE.

SEC. 2. RIGHT TO RENT HOME SUBJECT TO FORECLOSURE.

SEC. 3. REQUIRED NOTICE.

SEC. 4. DETERMINATION OF FAIR MARKET RENT.

SEC. 5. NONJUDICIAL FORECLOSURE PROCEEDINGS.

SEC. 6. NO BAR TO FORECLOSURE.

SEC. 7. RIGHT TO REINSTATEMENT.

SEC. 8. JURISDICTION OF FEDERAL COURTS.

SEC. 9. EFFECT ON STATE LAW.

SEC. 10. OVERSIGHT BY HUD.

SEC. 11. DEFINITIONS.

SEC. 12. APPLICABILITY AND SUNSET.

END