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

USA117th CongressHR-162| House 
| Updated: 1/4/2021
Darren Soto

Darren Soto

Democratic Representative

Florida

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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Bill from Previous Congress

HR 116-6632
To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-6632
    To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    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.

USA117th CongressHR-162| House 
| Updated: 1/4/2021
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

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-6632
To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-6632
    To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    Referred to the House Committee on Financial Services.
Darren Soto

Darren Soto

Democratic Representative

Florida

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