Bill Sponsor
House Bill 6632
116th Congress(2019-2020)
To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Introduced
Introduced
Introduced in House on Apr 28, 2020
Overview
Text
Introduced
Apr 28, 2020
Latest Action
Apr 28, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6632
Congress
116
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
Sponsorship by Party
Democrat
Florida
Democrat
California
Democrat
California
Democrat
California
Democrat
Connecticut
Democrat
Connecticut
Democrat
District of Columbia
Democrat
Massachusetts
Democrat
Tennessee
Democrat
Tennessee
Democrat
Virginia
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
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.

Text (1)
April 28, 2020
Actions (2)
04/28/2020
Referred to the House Committee on Financial Services.
04/28/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:05 PM