Helping HOMES Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedAug 11, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseAug 11, 2020
- Aug 11, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Aug 11, 2020IntroReferralIntro-H
Introduced in House
- Aug 11, 2020IntroReferral1000
Introduced in House