Senate Sponsors: BOWLES. Short description: MORTGAGE SALE NOTIFICATION ACT Synopsis of Bill as introduced: Creates the Mortgage Sale Notification Act. Provides that a mortgage lender must provide notice to the mortgagor 60 days before the mortgage is sold or transferred. Effective January 1, 1998. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status