HR 8003
116th Congress
House
Housing and Community Development
Cardiovascular and respiratory health
Consumer affairs
Emergency medical services and trauma care
Foreign language and bilingual programs
Housing finance and home ownership
Infectious and parasitic diseases
Interest, dividends, interest rates
Helping HOMES Act of 2020
Introduced: August 11, 2020
Introduced by:
Evans, Dwight
Democratic
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 11, 2020
Referred to the House Committee on Financial Services.
Aug 11, 2020
Introduced in House
Plain-English summary
Helping Home Owners Maintain Economic Security Act of 2020 or the Helping HOMES Act of 2020
This bill expands and extends existing single-family and multifamily mortgage forbearance provisions for borrowers experiencing financial hardships due to the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, forbearance may be extended to borrowers for up to 12 months. Currently, borrowers may receive 180 days of forbearance, with an extension of up to an additional 180 days. The bill also expands the forbearance provisions to apply to nonfederally backed mortgages.
Mortgage servicers must notify borrowers of the availability of forbearance.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1