§ 5219b. Public availability of information of Making Home Affordable Program

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(a)Revisions to Program guidelines The Secretary of the Treasury (in this section referred to as the “Secretary”) shall revise the guidelines for the Home Affordable Modification Program of the Making Home Affordable initiative of the Secretary of the Treasury, authorized under the Emergency Economic Stabilization Act of 2008 (Public Law 110–343) [12 U.S.C. 5201 et seq.], to provide that the data being collected by the Secretary from each mortgage servicer and lender participating in the Program is made public in accordance with subsection (b).

(b)Public availability Data shall be made available according to the following guidelines:

(1)Not more than 14 days after each monthly deadline for submission of data by mortgage servicers and lenders participating in the Program, reports shall be made publicly available by means of a World Wide Web site of the Secretary, and by submitting a report to the Congress, that shall includes the following information:

(A)The number of requests for mortgage modifications under the Program that the servicer or lender has received.

(B)The number of requests for mortgage modifications under the Program that the servicer or lender has processed.

(C)The number of requests for mortgage modifications under the Program that the servicer or lender has approved.

(D)The number of requests for mortgage modifications under the Program that the servicer or lender has denied.

(2)Not more than 60 days after each monthly deadline for submission of data by mortgage servicers and lenders participating in the Program, the Secretary shall make data tables available to the public at the individual record level. The Secretary shall issue regulations prescribing—

(A)the procedures for disclosing such data to the public; and

(B)such deletions as the Secretary may determine to be appropriate to protect any privacy interest of any mortgage modification applicant, including the deletion or alteration of the applicant’s name and identification number.

(Pub. L. 111–203, title XIV, § 1483, July 21, 2010, 124 Stat. 2203.)

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statute-compilations

Sec. 1483
PUBLIC AVAILABILITY OF INFORMATION OF MAKING HOME AFFORDABLE PROGRAM

statutes-at-large

Public Law 111–203
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes

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U.S. Code

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Public Law 110–343
Pub. L. 111–203, title XIV, § 1483
124 Stat. 2203
Pub. L. 110–343
122 Stat. 3765
section 1400(c) of Pub. L. 111–203

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cites case law

§ 5219b

Public availability of information of Making Home Affordable Program

Stat. Comp.×1

Stat.×1

U.S.C.§ 5201

U.S.C.§ 1601

Pub. L.Public Law 110–343

Pub. L.Pub. L. 111–203, title XIV, § 1483

Stat.124 Stat. 2203

Pub. L.Pub. L. 110–343

Stat.122 Stat. 3765

Cites 8 · showing 7Cited by 2 across 2 sources