HR 788 · 111th Congress · Housing and Community Development
To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 5.(2009-02-10)
Plain Language Summary
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Shields a servicer of pooled residential mortgages acting in compliance with certain fiduciary duties under the Truth in Lending Act from liability for entering into a loan modification or workout plan in connection with any such mortgages initiated before January 1, 2012. Requires the property securing such a mortgage to be occupied by its mortgagor.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 788, A bil to provide safe harbor for mortgate servicers who engage inspecified mortgage loan modifications, and for othe purposes
Feb 9, 2009<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 4, 2009</p>
Full CBO report ↗H.R. 788, A bil to provide safe harbor for mortgate servicers who engage inspecified mortgage loan modifications, and for othe purposes
Feb 9, 2009Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 4, 2009
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (3)
2 Democrats1 Republican