To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 28, 2020)
This bill establishes repayment terms for federally-related mortgages in forbearance as part of existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs. Specifically, the term of such a mortgage must be extended for the same length of time as the length of the forbearance. Additionally, the payments due during the forbearance must be evenly distributed across future payments with no additional interest or fees beyond amounts otherwise due had the borrower made such payments on time and in full.
What just happenedApr 28, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 28, 2020
- Apr 28, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 28, 2020IntroReferralIntro-H
Introduced in House
- Apr 28, 2020IntroReferral1000
Introduced in House