HR 3587
110th Congress
House
Finance and Financial Sector
Civil actions and liability
Commerce
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Counseling
Economics and Public Finance
Federal aid to housing
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Income
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Labor and Employment
Law
Homeowners' Emergency Mortgage Assistance Act
Introduced: September 19, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2007
Referred to the House Committee on Financial Services.
Sep 19, 2007
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1