,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dccd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bg1 #bjad ,ms4  
,mi*elle ,lujan ,gri%am ( ,new ,mexico  
7= h]self & ,mr4 ,c>twright7 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ! ,judici>y  ,a ,,bill    
,to all[ home[n]s fac+ =eclosure to     
avoid defici5cy judgm5ts1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,=eclosure ,fairness ,act (
 #bjad4  #b4 ,defici5cy judgm5ts  7a7 ,9
 g5]al ,beg9n+ on ! date ( enactm5t (   
?is ,act1 9 ! case ( any f$]ally relat$ 
mortgage loan made aft] t date1 a c\rt  
may n ent] defici5cy judgm5t p]ta9+ to t
 loan aft] ! date ( any =eclosure sale (
 ! mortgag$ prop]ty4  7b7 ,rule (       
con/ruction ,no?+ 9 ?is ,act %all be    
con/ru$ to preempt any m re/rictive     
,/ate or local law p]ta9+ to defici5cy  
judgm5ts4  #c4 ,def9itions ,9 ?is ,act3 
7#a7 ,defici5cy judgm5t ,! t]m defici5cy
 judgm5t means any ord] by a c\rt ent]$ 
aft] a sale ( a prop]ty subject to a    

f$]ally relat$ mortgage t has be5       
=eclos$ on1 requir+ ! paym5t by !       
mortgagor ( an am\nt equal to any       
balance rema9+ on ! mortgage loan aft] !
 =eclosure sale4  7#b7 ,f$]ally relat$  
mortgage loan ,! t]m f$]ally relat$     
mortgage loan has ! mean+ giv5 su* t]m  
"u section #c ( ! ,real ,e/ate          
,settlem5t ,proc$ures ,act ( #aigd 7#ab 
,u4,s4,c4 #bfjb74  7#c7 ,mortgag$       
prop]ty ,! t]m mortgag$ prop]ty means1 )
 respect to a f$]ally relat$ mortgage   
loan1 ! resid5tial real prop]ty t is    
subject to ! li5 secur+ su* mortgage    
loan4