HR 3587 · 110th Congress · Finance and Financial Sector
Homeowners' Emergency Mortgage Assistance Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2007-09-19)
Plain Language Summary
[AI summary unavailable — showing source text]
Homeowners' Emergency Mortgage Assistance Act - Directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control. Requires: (1) homeowner repayment of such assistance and interest; and (2) certain conditions to be met before legal action may be taken against a qualifying homeowner, including providing the homeowner with program notice.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
11 Democrats