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HOMES Act of 2020

Introduced: July 30, 2020 Introduced by: Evans, Dwight Democratic · Pennsylvania See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 6, 2020
Referred to the Subcommittee on Economic Opportunity.
Jul 30, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 30, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now October 6, 2020

Referred to the Subcommittee on Economic Opportunity.

 Committees of jurisdiction 3