```

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4635 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4635

    To require lenders of loans with Federal guarantees or Federal 
              insurance to consent to mandatory mediation.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 22, 2010

 Ms. Fudge (for herself, Ms. Waters, Mr. Meek of Florida, Ms. Sutton, 
 and Ms. Kilroy) introduced the following bill; which was referred to 
 the Committee on Financial Services, and in addition to the Committee 
on Veterans' Affairs, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
    To require lenders of loans with Federal guarantees or Federal 
              insurance to consent to mandatory mediation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foreclosure Mandatory Mediation Act 
of 2010''.

SEC. 2. MANDATORY MEDIATION.

    Title I of the Helping Families Save Their Homes Act of 2009 
(Public Law 111-22; 12 U.S.C. 5201 note) is amended by adding at the 
end the following:

``SEC. 106. MANDATORY MEDIATION.

    ``(a) In General.--Notwithstanding any other provision of law, 
before a qualified mortgagee may initiate a foreclosure proceeding or a 
sheriff sale, the qualified mortgagee shall conduct, consistent with 
any applicable State or local requirements, a one-time mediation with 
the affected mortgagor and a housing counseling agency, at the expense 
of the qualified mortgagee.
    ``(b) Definitions.--For purposes of this section--
            ``(1) the term `housing counseling agency' means--
                    ``(A) a housing counseling agency certified by the 
                Secretary under section 106(e) of the Housing and Urban 
                Development Act of 1968 (12 U.S.C. 1701x(e)); or
                    ``(B) a neighborhood housing services program 
                established by the Neighborhood Reinvestment 
                Corporation under section 606 of the Housing and 
                Community Development Amendments of 1978 (42 U.S.C. 
                8105); and
            ``(2) the term `qualified mortgagee' means an entity--
                    ``(A) that makes a mortgage loan for, or holds a 
                note secured by, a one- to four-family residence that 
                is--
                            ``(i) insured under title II of the 
                        National Housing Act (12 U.S.C. 1707 et seq.);
                            ``(ii) guaranteed, insured, or made under 
                        chapter 37 of title 38, United States Code;
                            ``(iii) made, guaranteed, or insured under 
                        title V of the Housing Act of 1949 (42 U.S.C. 
                        1471 et seq.); or
                            ``(iv) eligible for purchase by the Federal 
                        National Mortgage Association or the Federal 
                        Home Loan Mortgage Corporation; or
                    ``(B) that is acting, or otherwise authorized to 
                act, as the mortgagee of record for a lender, including 
                any entity, such as the Mortgage Electronic 
                Registration Systems or MERS, acting as a nominee for a 
                lender in any suit brought against a mortgagor.''.
                                 <all>
```