H.R. 162 · 117th Congress · House

To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.

Active· Referred to the House Committee on Financial Services.
Introduced
Jan 4, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

3
  1. JAN 04, 2021IntroReferral

    Introduced in House

  2. JAN 04, 2021IntroReferral

    Introduced in House

  3. JAN 04, 2021IntroReferral

    Referred to the House Committee on Financial Services.

Committees

1

Financial Services Committee

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Referred: Jan 4, 2021

Active