HOMES Act of 2020
USA116th CongressHR-7858| House
| Updated: 10/6/2020
Dwight Evans
Democratic Representative
Pennsylvania
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
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.
Referred to the Subcommittee on Economic Opportunity.
Housing and Community Development
Cardiovascular and respiratory healthEmergency medical services and trauma careGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesLandlord and tenantVeterans' loans, housing, homeless programs
HOMES Act of 2020
USA116th CongressHR-7858| House
| Updated: 10/6/2020
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.
View Full TextSuggested Questions
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Timeline
Introduced in House
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.
Referred to the Subcommittee on Economic Opportunity.
Dwight Evans
Democratic Representative
Pennsylvania
Financial Services Committee, Veterans' Affairs Committee, Economic Opportunity Subcommittee
Housing and Community Development
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Cardiovascular and respiratory healthEmergency medical services and trauma careGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownershipInfectious and parasitic diseasesLandlord and tenantVeterans' loans, housing, homeless programs