H.R. 5108 · 114th Congress
Zombie Property Relief Act of 2016
- Stage
- In committee
- Sponsor
- Alan Grayson
- Introduced
- 2016-04-28
- Latest action
- 2016-04-28 · Introduced in House
Summary
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.