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To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.
2/9/2022, 2:11 AM
Congressional Summary of HR 6340
This bill provides for mortgage forbearance for single family and multifamily mortgages during the COVID-19 (i.e., coronavirus disease 2019) emergency. Borrowers receiving a forbearance must provide rent relief for any tenants during this period. The bill also generally prohibits repossessions of vehicles and manufactured homes and foreclosures during the emergency.
The Federal Reserve Board and the Department of the Treasury must establish a credit program for mortgage servicers affected by the COVID-19 emergency.
Read the Full Bill
Current Status of Bill HR 6340
Bill HR 6340 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6340 was introduced during Congress 116 and was introduced to the House on March 23, 2020. Bill HR 6340's most recent activity was Referred to the House Committee on Financial Services. as of March 23, 2020
Bipartisan Support of Bill HR 6340
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6340
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- Agricultural prices, subsidies, credit
- Cardiovascular and respiratory health
- Civil actions and liability
- Debt collection
- Disaster relief and insurance
- Emergency medical services and trauma care
- Federal Reserve System
- Finance and Financial Sector
- Foreign language and bilingual programs
- Government lending and loan guarantees
- Housing finance and home ownership
- Infectious and parasitic diseases
- Landlord and tenant
- Motor vehicles
Alternate Title(s) of Bill HR 6340
To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.
To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.
Comments
Sponsors and Cosponsors of HR 6340
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