HR 6632
116th Congress
House
Housing and Community Development
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Housing finance and home ownership
Infectious and parasitic diseases
Interest, dividends, interest rates
To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2020
Referred to the House Committee on Financial Services.
Apr 28, 2020
Introduced in House
Plain-English summary
This bill establishes repayment terms for federally-related mortgages in forbearance as part of existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs. Specifically, the term of such a mortgage must be extended for the same length of time as the length of the forbearance. Additionally, the payments due during the forbearance must be evenly distributed across future payments with no additional interest or fees beyond amounts otherwise due had the borrower made such payments on time and in full.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1