HR 7858 · 116th Congress · Housing and Community Development

HOMES Act of 2020

Introduced 2020-07-30· Sponsored by Rep. Evans, Dwight [D-PA-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic Opportunity.(2020-10-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only