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HR 2599 110th Congress House Finance and Financial Sector Armed Forces and National Security Armed forces reserves Collection of accounts Economics and Public Finance Foreclosure Government lending Housing and Community Development Housing subsidies Mortgages

Inactive Reservists Foreclosure Prevention Act of 2007

Introduced: June 6, 2007 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2007
Referred to the House Committee on Financial Services.
Jun 6, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Inactive Reservists Foreclosure Prevention Act of 2007 - Instructs the Secretary of Housing and Urban Development (HUD) to implement a mortgage assistance program through grants and loans for direct mortgage payments for the primary residential property of designated eligible households.

Requires such mortgage assistance to be paid monthly directly to the mortgage servicer during the period that a member of the eligible household is serving on active duty for a period of more than 30 days in the Armed Forces, including extensions in the period of such active duty.

Sets forth requirements governing: (1) grant assistance, repayment, and repayment in cases of foreclosure; and (2) application procedures.

What's happening now June 6, 2007

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4