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H.R. 1498 · 112th Congress · 2011–2012

Prompt Decision for Qualification of Short Sale Act of 2011

H.R. 1498 in the 112th Congress (2011–2012) was introduced on Apr 12, 2011, sponsored by Thomas J. Rooney with 51 co-sponsors.

During the 112th Congress (2011–2012), Barack Obama was president, and Republicans held the House majority and Democrats the Senate majority.

Status
Introduced
Introduced
Apr 12, 2011
Co-sponsors
51
Policy area
Housing and Community Development

What it does

Prompt Decision for Qualification of Short Sale Act of 2011 - Amends the Truth in Lending Act to consider approved a mortgagor's written request to a mortgage loan servicer for a short sale of a dwelling or residential real property if the mortgagor has not received, within 45 days after the servicer's receipt of the request, a written notification of whether the request has been approved, specified changes are required, or ad…

Summary by the nonpartisan Congressional Research Service.

Sponsor

Thomas J. Rooney (R-FL). Co-sponsors: 34 Democrats, 17 Republicans.

Where it stands

  • IntroducedApr 12, 2011
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the Subcommittee on Financial Institutions and Consumer Credit. (May 2, 2011)

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

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Capitol Receipts, “H.R. 1498 (112th Congress): Prompt Decision for Qualification of…,” https://www.capitolreceipts.com/bill/112-hr-1498/prompt-decision-for-qualification-of-short-sale-act-of (accessed 2026-10-17).

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