S 2280 · 105th Congress · Housing and Community Development

Foreclosure Sale Fairness Act of 1998

Introduced 1998-07-09· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1998-07-09)

Plain Language Summary

[AI summary unavailable — showing source text] Foreclosure Sale Fairness Act of 1998 - Provides that upon mortgagor request, the foreclosure sale of a single family home shall occur at public auction and be conducted to maximize competitive bidding and obtain the highest sale price.…

Summarized by Claude AI · Non-partisan · For informational purposes only