- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Senate Committee on Banking, Housing, and Urban AffairsIntroducedDecember 18th, 2009
- senate Committees
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Foreclosure Mandatory Mediation Act of 2009
A bill to require lenders of loans with Federal guarantees or Federal insurance to consent to mandatory mediation.
Foreclosure Mandatory Mediation Act of 2009 - Amends the Helping Families Save Their Homes Act of 2009 to require the mortgagee of certain one- to four-family residences, as a prerequisite to a foreclosure proceeding or a sheriff sale, and at the mortgagee's expense, to conduct a one-time mediation with the affected mortgagor and a housing counseling agency.