HR 5855
110th Congress
House
Housing and Community Development
Counseling
Economics and Public Finance
Federal aid to housing
Finance and Financial Sector
Foreclosure
Home ownership
Housing finance
Law
Legal aid
Mortgages
Social Welfare
Foreclosure Counseling Assistance Act of 2008
Introduced: April 17, 2008
Introduced by:
Velázquez, Nydia M.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2008
Referred to the House Committee on Financial Services.
Apr 17, 2008
Introduced in House
Plain-English summary
Foreclosure Counseling Assistance Act of 2008 - Directs the Neighborhood Reinvestment Corporation (NRC) to make grants to qualified counseling intermediaries and qualified legal organizations to provide legal assistance to homeowners of owner-occupied homes with mortgages in default, in danger of default, or subject to or at risk of foreclosure.
Requires the NRC to give priority to qualified counseling intermediaries and qualified legal organizations that: (1) provide legal assistance in the 100 metropolitan statistical areas with the highest home foreclosure rates; and (2) have the capacity to begin using the grant funds within 90 days after receipt of the funds.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1