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PTFA Extended by Two Years

Date: July 21, 2010
NARPM

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All NARPM® members are encouraged to forward information on industry related news and legislative matters affecting property management to govtaffairschair@narpm.org

PTFA Extended by Two Years

The Dodd-Frank Wall Street Reform and Consumer Protections Act (H.R. 4173) passed the House and Senate, and was signed by President Obama today. Among other changes, in Section 1484 the bill extended the Protecting Tenants at Foreclosure Act (PTFA) sunset date by two years to December 31, 2014. The bill also clarifies that the date of notice of foreclosure is the date complete title is transferred to the successor and directs the Secretary of HUD to develop a grant program for legal assistance to low and moderate income homeowners/tenants who are dealing with foreclosure issues.

For more information, please visit the PTFA webpage we have created on the NARPM® website. There you will find more background on this issue along with helpful links to websites and important documents.

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