Helping HOMES Act of 2020

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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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 EvansSponsor

15 cosponsors · 15 D

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Helping Home Owners Maintain Economic Security Act of 2020 or the Helping HOMES Act of 2020

What it does: CRS summary · Introduced in House · Aug 11, 2020

Helping Home Owners Maintain Economic Security Act of 2020 or the Helping HOMES Act of 2020

This bill expands and extends existing single-family and multifamily mortgage forbearance provisions for borrowers experiencing financial hardships due to the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, forbearance may be extended to borrowers for up to 12 months. Currently, borrowers may receive 180 days of forbearance, with an extension of up to an additional 180 days. The bill also expands the forbearance provisions to apply to nonfederally backed mortgages.

Mortgage servicers must notify borrowers of the availability of forbearance.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Helping HOMES Act of 2020

Also known as: Helping Home Owners Maintain Economic Security Act of 2020

Latest action (Aug 11, 2020): Referred to the House Committee on Financial Services.

Policy area: Housing and Community Development · Origin: House · Introduced: Aug 11, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.