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.
Committee Hearings Held.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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