,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #eajh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bh1 #bjaf ,mr4
 ,grayson 7= himself & ,mr4 ,cony]s7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to au?orize ! ,director ( !    
,bureau ( ,consum] ,f9ancial ,protection
 to p5alize p]sons :o fail to ma9ta9    
nuisance prop]ties4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,zombie       
,prop]ty ,relief ,act ( #bjaf4  #b4     
,f9es = failure to ma9ta9 nuisance      
prop]ties ,9 ! case ( a nuisance prop]ty
 subject to a ,f$]ally-relat$ mortgage1 
! ,director ( ! ,bureau ( ,consum]      
,f9ancial ,protection may assess a f9e  
equal to #c times ! co/s t w\ld be      
incurr$ z a result ( ma9ta9+ ! prop]ty  
aga9/ ! mortgagee ( su* prop]ty if !    
mortgagee fails to ma9ta9 su* prop]ty   
until su* "t z own]%ip has be5 transf]r$
 to a new own]1 & ! de$ = su* prop]ty   
transf] has be5 duly record$4  #c4      
,report+ sy/em ,n lat] ?an #f mon?s aft]

 ! date ( enactm5t ( ?is ,act1 !        
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection %all e/abli% a    
sy/em "u :i* a p]son may report to !    
,director on ! exi/5ce ( a nuisance     
prop]ty4  #d4 ,def9itions ,9 ?is ,act3  
7#a7 ,! t]m nuisance prop]ty means      
resid5tial real prop]ty subject to a    
,f$]ally-relat$ mortgage 9 =eclosure1 9 
=eclosure proce$+1 or if--  7,a7 at lea/
 ?ree mon?ly paym5ts are pa/ due on !   
mortgage loan or ! mortgagor has in=m$ !
 mortgagee or loan s]vic+ company 9     
writ+ t ! mortgagor does n int5d to     
occupy ! prop]ty 9 ! future2 &  7,b7    
ei!r-- 7i7 !re is a reasonable basis to 
believe t ! prop]ty is n occupi$ = ?ree 
mon?s2 or  7ii7 su* resid5tial real     
prop]ty is a risk to ! heal?1 safety or 
welf>e ( ! public or any adjo9+ or      
adjac5t prop]ty own]s1 due to acts (    
v&alism1 loit]+1 crim9al conduct1 or    
physical de/ruction or det]ioration ( ! 
prop]ty1 or ! relevant gov]nm5tal       
au?ority has decl>$ ! prop]ty unfit =   

occupancy & to rema9 vacant & unoccupi$ 
or to be demoli%$4  7#b7 ,! t]m         
,f$]ally-relat$ mortgage means a        
,f$]ally relat$ mortgage loan1 z su* t]m
 is def9$ 9 section #c ( ! ,real ,e/ate 
,settlem5t ,proc$ures ,act ( #aigd 7#ab 
,u4,s4,c4 #bfjb74