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To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.

USA116th CongressHR-6340| House 
| Updated: 3/23/2020
Wm. Lacy Clay

Wm. Lacy Clay

Democratic Representative

Missouri

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill provides for mortgage forbearance for single family and multifamily mortgages during the COVID-19 (i.e., coronavirus disease 2019) emergency. Borrowers receiving a forbearance must provide rent relief for any tenants during this period. The bill also generally prohibits repossessions of vehicles and manufactured homes and foreclosures during the emergency. The Federal Reserve Board and the Department of the Treasury must establish a credit program for mortgage servicers affected by the COVID-19 emergency.
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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Financial Services.

Housing and Community Development

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Agricultural prices, subsidies, creditCardiovascular and respiratory healthCivil actions and liabilityDebt collectionDisaster relief and insuranceEmergency medical services and trauma careFederal Reserve SystemForeign language and bilingual programsGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesLandlord and tenantMotor vehicles

To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.

USA116th CongressHR-6340| House 
| Updated: 3/23/2020
This bill provides for mortgage forbearance for single family and multifamily mortgages during the COVID-19 (i.e., coronavirus disease 2019) emergency. Borrowers receiving a forbearance must provide rent relief for any tenants during this period. The bill also generally prohibits repossessions of vehicles and manufactured homes and foreclosures during the emergency. The Federal Reserve Board and the Department of the Treasury must establish a credit program for mortgage servicers affected by the COVID-19 emergency.
View Full Text

Suggested Questions

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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Financial Services.
Wm. Lacy Clay

Wm. Lacy Clay

Democratic Representative

Missouri

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

Housing and Community Development

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural prices, subsidies, creditCardiovascular and respiratory healthCivil actions and liabilityDebt collectionDisaster relief and insuranceEmergency medical services and trauma careFederal Reserve SystemForeign language and bilingual programsGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesLandlord and tenantMotor vehicles