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To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.

USA116th CongressHR-6632| House 
| Updated: 4/28/2020
Darren Soto

Darren Soto

Democratic Representative

Florida

Cosponsors (17)
Joe Courtney (Democratic)Frederica S. Wilson (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Vicente Gonzalez (Democratic)Alan S. Lowenthal (Democratic)Jim Cooper (Democratic)Elaine G. Luria (Democratic)Jahana Hayes (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)James P. McGovern (Democratic)Earl Blumenauer (Democratic)Charlie Crist (Democratic)Nanette Diaz Barragán (Democratic)Alcee L. Hastings (Democratic)Mike Levin (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Apr 28, 2020
Introduced in House
Apr 28, 2020
Referred to the House Committee on Financial Services.
  • April 28, 2020
    Introduced in House


  • April 28, 2020
    Referred to the House Committee on Financial Services.

Housing and Community Development

Cardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesInterest, dividends, interest rates

To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.

USA116th CongressHR-6632| House 
| Updated: 4/28/2020
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.
View Full Text

Suggested Questions

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Timeline
Apr 28, 2020
Introduced in House
Apr 28, 2020
Referred to the House Committee on Financial Services.
  • April 28, 2020
    Introduced in House


  • April 28, 2020
    Referred to the House Committee on Financial Services.
Darren Soto

Darren Soto

Democratic Representative

Florida

Cosponsors (17)
Joe Courtney (Democratic)Frederica S. Wilson (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Vicente Gonzalez (Democratic)Alan S. Lowenthal (Democratic)Jim Cooper (Democratic)Elaine G. Luria (Democratic)Jahana Hayes (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)James P. McGovern (Democratic)Earl Blumenauer (Democratic)Charlie Crist (Democratic)Nanette Diaz Barragán (Democratic)Alcee L. Hastings (Democratic)Mike Levin (Democratic)

Financial Services Committee

Housing and Community Development

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesInterest, dividends, interest rates