HOMES Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedOct 6, 2020
Referred to the Subcommittee on Economic Opportunity.
Who’s behind it
- Introduced in HouseJul 30, 2020
- Oct 6, 2020Committee
Referred to the Subcommittee on Economic Opportunity.
Economic Opportunity Subcommittee - Jul 30, 2020IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Veterans' Affairs Committee - Jul 30, 2020IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Financial Services Committee - Jul 30, 2020IntroReferralIntro-H
Introduced in House
- Jul 30, 2020IntroReferral1000
Introduced in House