H.R. 7858 · 116th Congress
HOMES Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
EvansSponsorNo cosponsors.
Helping Owners Maintain Economic Security Act of 2020 or the HOMES Act of 2020
What it does: CRS summary · Introduced in House · Jul 30, 2020
Helping Owners Maintain Economic Security Act of 2020 or the HOMES Act of 2020
This bill requires servicers of federally-backed mortgage loans to notify borrowers of their eligibility for loan forbearance under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs. Servicers must provide notice not later than 30 days after enactment. Servicers are exempted from providing notice to borrowers who have previously requested forbearance.
Federal housing agencies must make available to servicers model notices no later than 7 days after enactment.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: HOMES Act of 2020
Also known as: Helping Owners Maintain Economic Security Act of 2020
Latest action (Oct 6, 2020): Referred to the Subcommittee on Economic Opportunity.
Policy area: Housing and Community Development · Origin: House · Introduced: Jul 30, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.