HR 5108 · 114th Congress · Finance and Financial Sector

Zombie Property Relief Act of 2016

Introduced 2016-04-28· Sponsored by Rep. Grayson, Alan [D-FL-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2016-04-28)

Plain Language Summary

[AI summary unavailable — showing source text] Zombie Property Relief Act of 2016 This bill authorizes the Consumer Financial Protection Bureau (CFPB) to assess a specified fine against a mortgagee that has failed to maintain residential real property that is subject to a federally-related mortgage in foreclosure (nuisance property) until ownership has been transferred to a new owner and the deed for such property transfer has been recorded. The CFPB shall establish a system for reporting the existence of nuisance properties.…

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

Cosponsors (2)

2 Democrats
Rep. Conyers, John, Jr. [D-MI-13]MI
Rep. Engel, Eliot L. [D-NY-16]NY