An amendment to authorize $30 million for assistance to non-profit organizations that provide counseling to homeowners who are in danger of losing their homes through foreclosure, and to require that homeowners who have federally-insured mortgage loans and who are unable to make mortgage payments due to economic circumstances beyond their control are given an automatic six-month stay of foreclosure proceedings.

Ask AI
Amendment Number
203
Description
An amendment to authorize $30 million for assistance to non-profit organizations that provide counseling to homeowners who are in danger of losing their homes through foreclosure, and to require that homeowners who have federally-insured mortgage loans and who are unable to make mortgage payments due to economic circumstances beyond their control are given an automatic six-month stay of foreclosure proceedings.
Congress
100
Type
HAMDT
Latest Action Date
Jun 10, 1987
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Jun 10, 1987
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 203 — Informed